L
AAA Secured NCD

L&t Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2026

Current YTM
24.03%
Market YTM
Coupon Rate
8.50%
Per annum
Maturity Date
23 Dec 2026
0.3 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000
Per Bond
Market Position
YTM (Annual)
24.03%
Live, last traded 2026-08-03
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+1853 bps
vs 0.3Y G-Sec at 5.50%
Top 1% of similar-tenor peers by spread
Tenure
0.3 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
23 Dec 2026
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 2019-12-23 Matures 2026-12-23

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

Key Metrics
Coupon Rate
8.50%
YTM (Annual)
24.03%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
0.3 Years
Advanced metrics
Modified Duration
0.26 Yrs
Macaulay Duration
0.32 Yrs
Issue Size
₹25 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
0.26 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-03
NSE CM
Trades (30 Days)
1
Exchange-reported sessions
Security Status
Secured
Callable
Observations
  • This bond is secured.
  • 1 secondary-market trade recorded in the last 30 days.
  • Coupon is 1.50 percentage points below the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2019-12-23
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

L&t Finance Limited issued this secured, rated, ncd (8.50% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES VI ? OPTION 11. DATE OF MATURITY 23/12/2026.) carrying a 8.50% 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
2026-08-03 94.5000 24.0297 None
2026-06-29 101.9000 4.4792 10
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CRISIL, INDIA_RATINGS 2026-06-28
Rating Actions History 1 2026-08-25
Secondary-Market Trades 2 NSE CM 2026-08-03
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 8.50% Dec 2026 NCD?

L&t Finance 8.50% Dec 2026 NCD carries a coupon of 8.50%, paid annual, on a face value of ₹1,000.

When does L&t Finance 8.50% Dec 2026 NCD mature?

L&t Finance 8.50% Dec 2026 NCD matures on 2026-12-23, 0.3 years from today.

What is L&t Finance 8.50% Dec 2026 NCD rated?

L&t Finance 8.50% Dec 2026 NCD is rated AAA by CRISIL and AA+ by INDIA_RATINGS. As of 2019-12-05.

Is L&t Finance 8.50% Dec 2026 NCD secured?

L&t Finance 8.50% Dec 2026 NCD is a secured bond.

Can L&t Finance 8.50% Dec 2026 NCD be called or put back early?

L&t Finance 8.50% Dec 2026 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 8.50% Dec 2026 NCD currently offer?

The last recorded trade on 2026-08-03 priced L&t Finance 8.50% Dec 2026 NCD at ₹94.50, implying a yield to maturity of 24.03%.

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