L
AAA Secured NCD

L&t Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2031

Current YTM
No live YTM available
Coupon Rate
7.40%
Per annum
Maturity Date
19 May 2031
4.7 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual) EST
~7.40%
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
+83 bps
vs 4.7Y G-Sec at 6.57% *
Below the median spread for similar-tenor peers
Tenure
4.7 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
19 May 2027
Interest Payment
₹74,000.00 / Bond
19 May 2028
Interest Payment
₹74,000.00 / Bond
19 May 2029
Interest Payment
₹74,000.00 / Bond
19 May 2030
Interest Payment
₹74,000.00 / Bond
19 May 2031
Principal Payment
₹1,000,000.00 / Bond

Next 4 coupons + principal at maturity · per ₹1,000,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Initial rating: AAA by CRISIL on 2026-08-25 Issued 2021-05-19 Matures 2031-05-19

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

Key Metrics
Coupon Rate
7.40%
YTM (Annual)
Credit Rating
AAA
(CRISIL)
Remaining Tenure
4.7 Years
Advanced metrics
Modified Duration
3.80 Yrs
Macaulay Duration
4.08 Yrs
Issue Size
₹1,000 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
3.80 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
No recorded trades
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 2.60 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
2021-05-19
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

7.40% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES ?B? OF FY 2021-22. DATE OF MATURITY 19/05/2031 is a secured, rated, redeemable ncd issued by L&t Finance Limited. The bond offers a fixed coupon of 7.40% p.a. with annual interest payments and repays principal on maturity.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-08-25 CRISIL Initial AAA Stable View →
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CRISIL 2021-04-27
Rating Actions History 1 2026-08-25
Secondary-Market Trades 0
Reg52(4) Payment Disclosures 0
  • No secondary-market trades recorded — YTM figures use the coupon rate as a proxy.
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 7.40% May 2031 NCD?

L&t Finance 7.40% May 2031 NCD carries a coupon of 7.40%, paid annual, on a face value of ₹1,000,000.

When does L&t Finance 7.40% May 2031 NCD mature?

L&t Finance 7.40% May 2031 NCD matures on 2031-05-19, 4.7 years from today.

What is L&t Finance 7.40% May 2031 NCD rated?

L&t Finance 7.40% May 2031 NCD is rated AAA by CRISIL. As of 2021-04-27.

Is L&t Finance 7.40% May 2031 NCD secured?

L&t Finance 7.40% May 2031 NCD is a secured bond.

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