Hinduja Leyland May ’30
How this yield compares
About this bond
Hinduja Leyland May ’30 is a corporate bond issued by a company to raise debt from investors, currently offering a yield to maturity (YTM) of 8.1%. It pays a coupon of 8.5% and matures on 5 May 2030, a remaining tenure of about 3.8 yr. It is rated AA+, a very high credit-safety grade. BondScanner lists this bond with a minimum investment of ₹1.0L.
Its 8.1% yield is solid for its risk band, toward the lower end at 155th of 165 Corporate bonds. That trails the Corporate median of 10.75% by 2.65 points, so the trade-off is lower yield for whatever else this issuer offers. A comparable SBI fixed deposit yields about 6.55%, so this bond adds roughly 1.55 points for taking on credit risk. Its medium 3.8 yr horizon balances rate lock-in against flexibility. Paired with its very high safety (AA+) rating, that leans toward the safety-first end. Compare it against similar bonds on RightBonds before investing.
Investors comparing this bond often also look at Hinduja Leyland (INE146O08415) at 9.05%, CAPRI GLOBAL CAPITAL (INE180C07171) at 9% and Piramal Finance (INE516Y07444) at 9%.
Bond details
What you keep after tax
Interest on a listed corporate bond is added to your income and taxed at your slab, so the 8.1% headline is a pre-tax number. Here is the same bond seen from each slab, on ₹1,00,000 held for the remaining 3.8 yr.
| Your tax slab | Post-tax yield | ₹1,00,000 becomes |
|---|---|---|
| No tax (income under the exemption limit) | 8.10% | ₹1,33,942 |
| 5% slab | 7.69% | ₹1,32,069 |
| 20% slab | 6.48% | ₹1,26,565 |
| 30% slab | 5.67% | ₹1,22,990 |
At a 8.5% coupon, ₹1,00,000 of face value pays about ₹8,500 of interest a year, under the ₹10,000 Section 193 threshold, so no TDS is withheld.
Slab rates only - surcharge and cess are not included, and the figures assume you hold to maturity. Sold on the exchange after 12 months instead, the gain is taxed as long-term capital gains at 12.5%. Not tax advice.
Against a fixed deposit, in rupees
Same ₹1,00,000, same 3.8 years, one in this bond and one in a tenure-matched SBI fixed deposit at 6.55%.
Bond figure compounds the yield annually; the FD compounds quarterly, as a cumulative bank FD does. Both are pre-tax and assume the bond is held to maturity and the issuer pays in full - the AA+ credit risk is the reason for the gap.
When you get paid
Interest lands once a year, in May, with about 4 payments still to come before 5 May 2030, each at the 8.5% coupon rate.
Payment months come from the issuer's schedule. Exact dates within the month, and the amount per payment, depend on the face value of the units you buy - check the term sheet on BondScanner before investing.