L
AAA Secured NCD

L&t Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2029

Current YTM
5.46%
Market YTM
Coupon Rate
8.98%
Per annum
Maturity Date
13 Mar 2029
2.5 Yrs to Maturity
Interest Payment
Monthly
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
5.46%
Live, last traded 2026-08-26
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
-84 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)
2026-08-12 2026-08-26
Cashflow Timeline
13 Sep 2026
Interest Payment
₹7.48 / Bond
13 Oct 2026
Interest Payment
₹7.48 / Bond
13 Nov 2026
Interest Payment
₹7.48 / Bond
13 Dec 2026
Interest Payment
₹7.48 / Bond
13 Jan 2027
Interest Payment
₹7.48 / Bond
13 Feb 2027
Interest Payment
₹7.48 / Bond
13 Mar 2027
Interest Payment
₹7.48 / Bond
13 Apr 2027
Interest Payment
₹7.48 / Bond
13 Mar 2029
Principal Payment
₹1,000.00 / Bond

Next 8 coupons + principal at maturity · per ₹1,000 face value

Payment Disclosures (SEBI Reg52(4)) 1 disclosed
Due DateTypeAmount DueAmount PaidStatusFiling
2026-08-13 Interest ₹7,800,000.00 ₹7,800,000.00 Paid XBRL →

Source: NSE Debt Centralised Database (corporate-interest-payment / corporate-redemption-payment), per SEBI LODR Reg 52(4)/60. Coverage begins 2026-08-02 -- history accumulates as disclosures are broadcast.

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ◆ Reg52(4) disclosed ┊ Today
Today Initial rating: AAA by CRISIL on 2026-08-25 Interest paid (SEBI Reg52(4) disclosure) — due 2026-08-13 Issued 2019-03-13 Matures 2029-03-13

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

1 SEBI Reg52(4) disclosed payment — hover a square/diamond for detail.

Key Metrics
Coupon Rate
8.98%
YTM (Annual)
5.46%
Credit Rating
AAA
(ICRA)
Remaining Tenure
2.5 Years
Advanced metrics
Modified Duration
2.27 Yrs
Macaulay Duration
2.28 Yrs
Issue Size
₹102 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
2.27 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Monthly
Last Trade
2026-08-26
NSE CM
Trades (30 Days)
18
Exchange-reported sessions
Security Status
Secured
Callable
Observations
  • This bond is secured.
  • 18 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.02 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

Issued by L&t Finance Limited, 8.98% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES VI ? OPTION II. LETTER OF ALLOTMENT. DATE OF MATURITY ? 13/03/2029 is a secured, rated, ncd paying a 8.98% p.a. coupon monthly. The instrument 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
2026-08-26 108.2500 5.4644 None
2026-08-25 107.2000 5.8951 None
2026-08-24 108.5000 5.3700 None
2026-08-21 108.0990 5.5416 None
2026-08-20 108.4800 5.3915 None
2026-08-19 108.5000 5.3868 None
2026-08-17 107.9710 5.6059 None
2026-08-14 107.9710 5.6153 None
2026-08-13 109.2000 5.1289 None
2026-08-12 109.7000 4.9354 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 CM 2026-08-26
Reg52(4) Payment Disclosures 1 NSE 2026-08-13
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 8.98% Mar 2029 NCD?

L&t Finance 8.98% Mar 2029 NCD carries a coupon of 8.98%, paid monthly, on a face value of ₹1,000.

When does L&t Finance 8.98% Mar 2029 NCD mature?

L&t Finance 8.98% Mar 2029 NCD matures on 2029-03-13, 2.5 years from today.

What is L&t Finance 8.98% Mar 2029 NCD rated?

L&t Finance 8.98% Mar 2029 NCD is rated AAA by ICRA and AAA by INDIA_RATINGS. As of 2026-06-28.

Is L&t Finance 8.98% Mar 2029 NCD secured?

L&t Finance 8.98% Mar 2029 NCD is a secured bond.

Can L&t Finance 8.98% Mar 2029 NCD be called or put back early?

L&t Finance 8.98% 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 8.98% Mar 2029 NCD currently offer?

The last recorded trade on 2026-08-26 priced L&t Finance 8.98% Mar 2029 NCD at ₹108.25, implying a yield to maturity of 5.46%.

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