L
AAA Secured NCD

L&t Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2027

Current YTM
3.97%
Market YTM
Coupon Rate
8.70%
Per annum
Maturity Date
15 Apr 2027
0.6 Yrs to Maturity
Interest Payment
Monthly
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
3.97%
Live, last traded 2026-08-24
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
-174 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)
2026-08-06 2026-08-24
Cashflow Timeline
15 Sep 2026
Interest Payment
₹7.25 / Bond
15 Oct 2026
Interest Payment
₹7.25 / Bond
15 Nov 2026
Interest Payment
₹7.25 / Bond
15 Dec 2026
Interest Payment
₹7.25 / Bond
15 Jan 2027
Interest Payment
₹7.25 / Bond
15 Feb 2027
Interest Payment
₹7.25 / Bond
15 Mar 2027
Interest Payment
₹7.25 / Bond
15 Apr 2027
Principal Payment
₹1,000.00 / Bond

Next 7 coupons + principal at maturity · per ₹1,000 face value

Payment Disclosures (SEBI Reg52(4)) 1 disclosed
Due DateTypeAmount DueAmount PaidStatusFiling
2026-08-15 Interest ₹1,300,000.00 ₹1,300,000.00 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 2026-08-15 Issued 2019-04-15 Matures 2027-04-15

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
8.70%
YTM (Annual)
3.97%
Credit Rating
AAA
(ICRA)
Remaining Tenure
0.6 Years
Advanced metrics
Modified Duration
0.61 Yrs
Macaulay Duration
0.61 Yrs
Issue Size
₹17 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
0.61 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Monthly
Last Trade
2026-08-24
NSE CM
Trades (30 Days)
11
Exchange-reported sessions
Security Status
Secured
Callable
Observations
  • This bond is secured.
  • 11 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.30 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

L&t Finance Limited issued this secured, rated, ncd (8.70% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES VII ? OPTION II. LETTER OF ALLOTMENT. DATE OF MATURITY ? 15/04/2027) carrying a 8.70% p.a. coupon, paid monthly. 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
2026-08-24 102.9600 3.9686 None
2026-08-20 100.5000 7.8706 None
2026-08-19 102.5000 4.7641 None
2026-08-17 101.5000 6.3244 None
2026-08-14 101.5000 6.3523 None
2026-08-13 101.0000 7.1235 None
2026-08-11 101.0000 7.1356 None
2026-08-10 100.9900 7.1567 None
2026-08-07 101.0000 7.1592 None
2026-08-06 103.0000 4.2370 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 ICRA 2019-03-26
Rating Actions History 1 2026-08-25
Secondary-Market Trades 10 NSE CM 2026-08-24
Reg52(4) Payment Disclosures 1 NSE 2026-08-15
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 8.70% Apr 2027 NCD?

L&t Finance 8.70% Apr 2027 NCD carries a coupon of 8.70%, paid monthly, on a face value of ₹1,000.

When does L&t Finance 8.70% Apr 2027 NCD mature?

L&t Finance 8.70% Apr 2027 NCD matures on 2027-04-15, 0.6 years from today.

What is L&t Finance 8.70% Apr 2027 NCD rated?

L&t Finance 8.70% Apr 2027 NCD is rated AAA by ICRA. As of 2019-03-26.

Is L&t Finance 8.70% Apr 2027 NCD secured?

L&t Finance 8.70% Apr 2027 NCD is a secured bond.

Can L&t Finance 8.70% Apr 2027 NCD be called or put back early?

L&t Finance 8.70% 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 8.70% Apr 2027 NCD currently offer?

The last recorded trade on 2026-08-24 priced L&t Finance 8.70% Apr 2027 NCD at ₹102.96, implying a yield to maturity of 3.97%.

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