Ashok Leyland is going to raise debt worth 200 cr. at an interest cost of 7.65%. Its incredible that one AA rated company can raise debt at 7.65%, whereas another AA rated company (Manappuram finance) paid 8.75% for a similar issue a week back!
Ashok Leyland is going to raise debt worth 200 cr. at an interest cost of 7.65%. Its incredible that one AA rated company can raise debt at 7.65%, whereas another AA rated company (Manappuram finance) paid 8.75% for a similar issue a week back!