L
AAA Secured NCD

L&t Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2029

Current YTM
7.45%
Market YTM
Coupon Rate
9.35%
Per annum
Maturity Date
13 Mar 2029
2.5 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
7.45%
Live, last traded 2026-08-27
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+114 bps
vs 2.5Y G-Sec at 6.31%
Below the median spread for similar-tenor peers
Tenure
2.5 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-08-10 2026-08-27
Cashflow Timeline
13 Mar 2027
Interest Payment
₹93.50 / Bond
13 Mar 2028
Interest Payment
₹93.50 / Bond
13 Mar 2029
Principal Payment
₹1,000.00 / Bond

Next 2 coupons + principal at maturity · per ₹1,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Initial rating: AAA by CRISIL on 2026-08-25 Issued 2019-03-13 Matures 2029-03-13

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

Key Metrics
Coupon Rate
9.35%
YTM (Annual)
7.45%
Credit Rating
AAA
(ICRA)
Remaining Tenure
2.5 Years
Advanced metrics
Modified Duration
2.14 Yrs
Macaulay Duration
2.30 Yrs
Issue Size
₹111 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
2.14 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-27
NSE OTC (WAP)
Trades (30 Days)
14
Exchange-reported sessions
Security Status
Secured
Callable
Observations
  • This bond is secured.
  • 14 secondary-market trades recorded in the last 30 days.
  • Coupon is 0.65 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
2019-03-13
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

L&t Finance Limited issued this secured, rated, ncd (9.35% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES V ? OPTION II. LETTER OF ALLOTMENT. DATE OF MATURITY ? 13/03/2029) carrying a 9.35% p.a. coupon, paid annual. It repays principal on maturity. The issuer holds the right to redeem the bond before maturity date.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-08-25 CRISIL Initial AAA Stable View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-27 104.5260 7.4470 None
2026-08-26 113.0000 3.9347 None
2026-08-25 110.7000 4.8372 None
2026-08-24 110.7000 4.8414 None
2026-08-21 104.3900 7.3600 None
2026-08-20 109.1100 5.4894 None
2026-08-19 110.8990 4.7844 None
2026-08-18 108.6170 5.6943 None
2026-08-17 111.1000 4.7143 None
2026-08-10 111.1000 4.7444 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 ICRA, INDIA_RATINGS 2026-06-28
Rating Actions History 1 2026-08-25
Secondary-Market Trades 10 NSE OTC (WAP) 2026-08-27
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 L&t Finance 9.35% Mar 2029 NCD?

L&t Finance 9.35% Mar 2029 NCD carries a coupon of 9.35%, paid annual, on a face value of ₹1,000.

When does L&t Finance 9.35% Mar 2029 NCD mature?

L&t Finance 9.35% Mar 2029 NCD matures on 2029-03-13, 2.5 years from today.

What is L&t Finance 9.35% Mar 2029 NCD rated?

L&t Finance 9.35% Mar 2029 NCD is rated AAA by ICRA and AAA by INDIA_RATINGS. As of 2026-06-28.

Is L&t Finance 9.35% Mar 2029 NCD secured?

L&t Finance 9.35% Mar 2029 NCD is a secured bond.

Can L&t Finance 9.35% Mar 2029 NCD be called or put back early?

L&t Finance 9.35% Mar 2029 NCD has both a call option, letting the issuer redeem it early, and a put option, letting holders require early repurchase, on scheduled dates.

What yield does L&t Finance 9.35% Mar 2029 NCD currently offer?

The last recorded trade on 2026-08-27 priced L&t Finance 9.35% Mar 2029 NCD at ₹104.53, implying a yield to maturity of 7.45%.

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