L
AAA Secured NCD

L&t Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2026

Current YTM
No live YTM available
Coupon Rate
8.65%
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) EST
~8.65%
Proxied from coupon — no live trade, not a true YTM
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+315 bps
vs 0.3Y G-Sec at 5.50% *
Below the median spread for similar-tenor peers
Tenure
0.3 Years
Remaining to maturity
Price vs Yield
— Price (Clean)
2026-08-05 2026-08-26
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
8.65%
YTM (Annual)
Credit Rating
AAA
(CRISIL)
Remaining Tenure
0.3 Years
Advanced metrics
Modified Duration
0.29 Yrs
Macaulay Duration
0.32 Yrs
Issue Size
₹398 Cr
Minimum Investment
₹1,000
(1 Bond)
Market Characteristics
Modified Duration
0.29 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-26
NSE CM
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 1.35 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
2019-12-23
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

L&t Finance Limited issued this secured, rated, ncd (8.65% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES VI ? OPTION 12. DATE OF MATURITY 23/12/2026.) carrying a 8.65% 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
2026-08-26 105.8490 None
2026-08-25 105.9000 2
2026-08-18 106.4000 None
2026-08-17 106.0000 None
2026-08-14 106.2850 None
2026-08-13 106.0000 None
2026-08-11 106.0000 None
2026-08-10 105.9750 None
2026-08-07 106.0000 None
2026-08-05 105.9800 None
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 3 CARE, CRISIL, 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 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 8.65% Dec 2026 NCD?

L&t Finance 8.65% Dec 2026 NCD carries a coupon of 8.65%, paid annual, on a face value of ₹1,000.

When does L&t Finance 8.65% Dec 2026 NCD mature?

L&t Finance 8.65% Dec 2026 NCD matures on 2026-12-23, 0.3 years from today.

What is L&t Finance 8.65% Dec 2026 NCD rated?

L&t Finance 8.65% Dec 2026 NCD is rated AAA by CRISIL, AAA by CARE, and AA+ by INDIA_RATINGS. As of 2019-12-05.

Is L&t Finance 8.65% Dec 2026 NCD secured?

L&t Finance 8.65% Dec 2026 NCD is a secured bond.

Can L&t Finance 8.65% Dec 2026 NCD be called or put back early?

L&t Finance 8.65% 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.

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7
L&t Finance 7.91% Sep 2026 NCD
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Coupon
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Maturity
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7
L&t Finance 7.90% Oct 2026 NCD
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Coupon
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Maturity
23 Oct 2026
8
L&t Finance 8.50% Dec 2026 NCD
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Coupon
8.50%
Maturity
23 Dec 2026
8
L&t Finance 8.15% Jan 2027 NCD
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Coupon
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Maturity
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