L
AAA Secured NCD

L&t Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2028

Current YTM
9.15%
Market YTM
Coupon Rate
8.15%
Per annum
Maturity Date
01 Mar 2028
1.5 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
9.15%
Live, last traded 2026-08-27
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+337 bps
vs 1.5Y G-Sec at 5.78%
Above the median spread for similar-tenor peers
Tenure
1.5 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-08-13 2026-08-27
Cashflow Timeline
1 Mar 2027
Interest Payment
₹8,150.00 / Bond
1 Mar 2028
Principal Payment
₹100,000.00 / Bond

Next 1 coupon + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Initial rating: AAA by CRISIL on 2026-08-25 Issued 2023-03-01 Matures 2028-03-01

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

Key Metrics
Coupon Rate
8.15%
YTM (Annual)
9.15%
Credit Rating
AAA
(CARE)
Remaining Tenure
1.5 Years
Advanced metrics
Modified Duration
1.31 Yrs
Macaulay Duration
1.43 Yrs
Issue Size
₹622 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
1.31 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-08-27
BSE
Trades (30 Days)
3
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 3 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.85 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
2023-03-01
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

L&t Finance Limited issued this secured, rated, ncd (8.15% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES SERIES R DATE OF MATURITY 01/03/2028) carrying a 8.15% p.a. coupon, paid annual. It repays principal on maturity.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-08-25 CRISIL Initial AAA Stable View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-27 98.5300 9.1500 1
2026-08-17 100.2951 7.8700 None
2026-08-13 100.1400 7.9800 2
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CARE 2023-02-16
Rating Actions History 1 2026-08-25
Secondary-Market Trades 3 BSE 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 8.15% Mar 2028 NCD?

L&t Finance 8.15% Mar 2028 NCD carries a coupon of 8.15%, paid annual, on a face value of ₹100,000.

When does L&t Finance 8.15% Mar 2028 NCD mature?

L&t Finance 8.15% Mar 2028 NCD matures on 2028-03-01, 1.5 years from today.

What is L&t Finance 8.15% Mar 2028 NCD rated?

L&t Finance 8.15% Mar 2028 NCD is rated AAA by CARE. As of 2023-02-16.

Is L&t Finance 8.15% Mar 2028 NCD secured?

L&t Finance 8.15% Mar 2028 NCD is a secured bond.

What yield does L&t Finance 8.15% Mar 2028 NCD currently offer?

The last recorded trade on 2026-08-27 priced L&t Finance 8.15% Mar 2028 NCD at ₹98.53, implying a yield to maturity of 9.15%.

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