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Larsen and Toubro 7.20% Jan 2035 NCD

AAA Unsecured NCD

Larsen and Toubro Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2035

Current YTM
7.51%
Market YTM
Coupon Rate
7.20%
Per annum
Maturity Date
22 Jan 2035
8.4 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.51%
Live, last traded 2026-08-24
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+91 bps
vs 8.4Y G-Sec at 6.60%
Below the median spread for similar-tenor peers
Tenure
8.4 Years
Remaining to maturity
Price vs Yield

Price chart data not available

Secondary market trade data is collected over time as bonds trade on BSE/NSE. Needs at least 3 trade dates.
Cashflow Timeline
22 Jan 2027
Interest Payment
₹7,200.00 / Bond
22 Jan 2028
Interest Payment
₹7,200.00 / Bond
22 Jan 2029
Interest Payment
₹7,200.00 / Bond
22 Jan 2030
Interest Payment
₹7,200.00 / Bond
22 Jan 2031
Interest Payment
₹7,200.00 / Bond
22 Jan 2032
Interest Payment
₹7,200.00 / Bond
22 Jan 2033
Interest Payment
₹7,200.00 / Bond
22 Jan 2034
Interest Payment
₹7,200.00 / Bond
22 Jan 2035
Principal Payment
₹100,000.00 / Bond

Next 8 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 2025-01-22 Matures 2035-01-22

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

Key Metrics
Coupon Rate
7.20%
YTM (Annual)
7.51%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
8.4 Years
Advanced metrics
Modified Duration
5.86 Yrs
Macaulay Duration
6.30 Yrs
Issue Size
₹4,000 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
5.86 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-24
NSE OTC (WAP)
Trades (30 Days)
1
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • 1 secondary-market trade recorded in the last 30 days.
  • Coupon is 2.80 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
2025-01-22
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

7.20% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 22/01/2035 is a rated, redeemable ncd issued by Larsen and Toubro Limited. The bond offers a fixed coupon of 7.20% p.a. with annual interest payments and 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
2026-08-24 98.0166 7.5110 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2025-01-13
Rating Actions History 1 2026-06-30
Secondary-Market Trades 1 NSE OTC (WAP) 2026-08-24
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 7.20% Jan 2035 NCD?

Larsen and Toubro 7.20% Jan 2035 NCD carries a coupon of 7.20%, paid annual, on a face value of ₹100,000.

When does Larsen and Toubro 7.20% Jan 2035 NCD mature?

Larsen and Toubro 7.20% Jan 2035 NCD matures on 2035-01-22, 8.4 years from today.

What is Larsen and Toubro 7.20% Jan 2035 NCD rated?

Larsen and Toubro 7.20% Jan 2035 NCD is rated AAA by CRISIL. As of 2025-01-13.

Is Larsen and Toubro 7.20% Jan 2035 NCD secured?

Larsen and Toubro 7.20% Jan 2035 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

What yield does Larsen and Toubro 7.20% Jan 2035 NCD currently offer?

The last recorded trade on 2026-08-24 priced Larsen and Toubro 7.20% Jan 2035 NCD at ₹98.02, implying a yield to maturity of 7.51%.

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Maturity
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Maturity
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8
Larsen and Toubro 8.00% Apr 2030 NCD
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Maturity
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7
Larsen and Toubro 7.19% Dec 2034 NCD
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Coupon
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Maturity
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