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Larsen And Toubro 7.72% Apr 2028 NCD

AAA Unsecured NCD

Larsen and Toubro Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2028

Current YTM
7.31%
Market YTM
Coupon Rate
7.72%
Per annum
Maturity Date
28 Apr 2028
1.7 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.31%
Live, last traded 2026-08-26
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+188 bps
vs 1.7Y G-Sec at 5.43%
Below the median spread for similar-tenor peers
Tenure
1.7 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-06-29 2026-08-26
Cashflow Timeline
28 Mar 2027
Interest Payment
₹7,725.00 / Bond
28 Mar 2028
Interest Payment
₹7,725.00 / Bond
28 Apr 2028
Principal Payment
₹100,000.00 / Bond

Next 2 coupons + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Reaffirmed: AAA by CRISIL on 2026-06-30 Issued 2023-03-28 Matures 2028-04-28

1 rating action on file since issue — hover a dot for detail.

Key Metrics
Coupon Rate
7.72%
YTM (Annual)
7.31%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
1.7 Years
Advanced metrics
Modified Duration
1.48 Yrs
Macaulay Duration
1.59 Yrs
Issue Size
₹2,000 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
1.48 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-26
NSE OTC (WAP)
Trades (30 Days)
3
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • 3 secondary-market trades recorded in the last 30 days.
  • Coupon is 2.28 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2023-03-28
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

Larsen and Toubro Limited issued this rated, ncd (7.725% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 28/04/2028.) carrying a 7.72% p.a. coupon, paid annual. It repays principal on maturity.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-06-30 CRISIL Reaffirm AAA Stable View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-26 100.5543 7.3100 None
2026-08-25 100.5543 7.3100 None
2026-07-30 100.7627 7.2333 None
2026-06-29 101.1330 7.0100 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2023-03-21
Rating Actions History 1 2026-06-30
Secondary-Market Trades 4 NSE OTC (WAP) 2026-08-26
Reg52(4) Payment Disclosures 0
Documents
Entity metadata
Source
nsdl_master_promoted
Last Updated
16 Jul 2026

Risk warning: This page is for informational purposes only. Bond investments carry credit risk, interest rate risk, and liquidity risk. Credit ratings reflect agency opinion at a point in time. Nothing here constitutes investment advice or a recommendation. Verify all details against the issuer's offer document and the exchange. RetailBonds.in is not a SEBI-registered intermediary. See our full disclaimer.

Frequently Asked Questions
What is the coupon rate on Larsen And Toubro 7.72% Apr 2028 NCD?

Larsen And Toubro 7.72% Apr 2028 NCD carries a coupon of 7.72%, paid annual, on a face value of ₹100,000.

When does Larsen And Toubro 7.72% Apr 2028 NCD mature?

Larsen And Toubro 7.72% Apr 2028 NCD matures on 2028-04-28, 1.7 years from today.

What is Larsen And Toubro 7.72% Apr 2028 NCD rated?

Larsen And Toubro 7.72% Apr 2028 NCD is rated AAA by CRISIL. As of 2023-03-21.

Is Larsen And Toubro 7.72% Apr 2028 NCD secured?

Larsen And Toubro 7.72% Apr 2028 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

What yield does Larsen And Toubro 7.72% Apr 2028 NCD currently offer?

The last recorded trade on 2026-08-26 priced Larsen And Toubro 7.72% Apr 2028 NCD at ₹100.55, implying a yield to maturity of 7.31%.

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