The coupon rate is at a mark-up of around 60 basis points over the secondary yield on government bond of similar maturity. Hindalco has raised a bond issue after a gap of three years.

The issue was rated "AAA" by Crisil and offers put/call option after three years. The issue will be listed on the wholesale debt market segment of the National Stock Exchange (NSE). Hindalco is the largest producer of primary aluminium in the country and a fully integrated aluminium producer that mines and refines bauxite into alumina, which is smelt into downstream finished products. The company is implementing a brown-field expansion project at its existing manufacturing facilities at Renukoot (Uttar Pradesh).