L
AA Secured NCD

L&t Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2027

Current YTM
3.87%
Market YTM
Coupon Rate
9.05%
Per annum
Maturity Date
15 Apr 2027
0.6 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
3.87%
Live, last traded 2026-08-27
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
-184 bps
vs 0.6Y G-Sec at 5.71%
Below the median spread for similar-tenor peers
Tenure
0.6 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-08-05 2026-08-27
Cashflow Timeline
15 Apr 2027
Principal Payment
₹1,000.00 / Bond

Next 0 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 2019-04-15 Matures 2027-04-15

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

Key Metrics
Coupon Rate
9.05%
YTM (Annual)
3.87%
Credit Rating
AA
(ICRA)
Remaining Tenure
0.6 Years
Advanced metrics
Modified Duration
0.60 Yrs
Macaulay Duration
0.63 Yrs
Issue Size
₹352 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
0.60 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-27
NSE CM
Trades (30 Days)
15
Exchange-reported sessions
Security Status
Secured
Callable
Observations
  • This bond is secured.
  • 15 secondary-market trades recorded in the last 30 days.
  • Coupon is 0.95 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
2019-04-15
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

9.05% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES VI ? OPTION II. LETTER OF ALLOTMENT. DATE OF MATURITY ? 15/04/2027 is a secured, rated, redeemable ncd issued by L&t Finance Limited. The bond offers a fixed coupon of 9.05% p.a. with annual interest payments and 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
2026-08-27 103.2000 3.8727 None
2026-08-24 104.8990 1.3514 None
2026-08-18 103.1550 4.1273 None
2026-08-14 103.0250 4.3981 None
2026-08-13 104.0000 2.9840 None
2026-08-12 103.1220 4.2914 None
2026-08-11 103.9000 3.1759 None
2026-08-10 103.0500 4.4336 None
2026-08-06 103.0450 4.5114 None
2026-08-05 103.8000 3.4515 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CARE, ICRA 2026-06-28
Rating Actions History 1 2026-08-25
Secondary-Market Trades 10 NSE CM 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 9.05% Apr 2027 NCD?

L&t Finance 9.05% Apr 2027 NCD carries a coupon of 9.05%, paid annual, on a face value of ₹1,000.

When does L&t Finance 9.05% Apr 2027 NCD mature?

L&t Finance 9.05% Apr 2027 NCD matures on 2027-04-15, 0.6 years from today.

What is L&t Finance 9.05% Apr 2027 NCD rated?

L&t Finance 9.05% Apr 2027 NCD is rated AA by ICRA and AAA by CARE. As of 2026-06-28.

Is L&t Finance 9.05% Apr 2027 NCD secured?

L&t Finance 9.05% Apr 2027 NCD is a secured bond.

Can L&t Finance 9.05% Apr 2027 NCD be called or put back early?

L&t Finance 9.05% Apr 2027 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 9.05% Apr 2027 NCD currently offer?

The last recorded trade on 2026-08-27 priced L&t Finance 9.05% Apr 2027 NCD at ₹103.20, implying a yield to maturity of 3.87%.

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