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L&T Finance 8.73% Feb 2031 NCD (INE235P07191)

CARE AAA Secured NCD

L&T Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2031

89 more bonds from L&T Finance Limited →
Current YTM
—
No market YTM available
Coupon Rate
8.73%
Per annum
Maturity Date
24 Feb 2031
4.3 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹25,00,000
Per Bond

Issuer events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.
  • 25 Aug 2026 New rating assigned to AAA CRISIL

Market Position

YTM (Annual)
—
No trade with a usable price on record
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Tenure
4.3 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.

Showing last 10 trades.

Cashflow Timeline

24 Feb 2027
Interest Payment
₹2,18,250.00 / Bond
24 Feb 2028
Interest Payment
₹2,18,250.00 / Bond
24 Feb 2029
Interest Payment
₹2,18,250.00 / Bond
24 Feb 2030
Interest Payment
₹2,18,250.00 / Bond
24 Feb 2031
Final coupon + principal
₹27,18,250.00 / Bond
₹2,18,250.00 coupon + ₹25,00,000 face value

5 coupons remaining, the last paid with principal at maturity · per ₹25,00,000 face value · projected dates

Bond Timeline

— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Reaffirmed: AAA by CARE on 25 Sep 2026 Issued 24 Feb 2016 Matures 24 Feb 2031

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

Key Metrics

Coupon Rate
8.73%
YTM (Annual)
—
Credit Rating
AAA
(CARE) · rated 25 Sep 2026, 44 days ago
Remaining Tenure
4.3 Years

AAA (CARE): Rated 25 Sep 2026 (44 days ago).

AAA (CRISIL): Rated 15 Feb 2016 (10 years ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since.

With more than one agency, the rating shown at the top is the lowest of those dated within the last 15 months (or the newest, when none is). How we pick it →

Advanced metrics
Modified Duration
3.27 Yrs
Macaulay Duration
3.55 Yrs
Issue Size
₹5 Cr
Face Value
₹25,00,000
Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration
3.27 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 1.47 percentage points below the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 6 Nov 2026
Instrument Type
NCD
Issue Date
24 Feb 2016
Day Count Convention
ACT/ACT
Listed Exchange
—
Call / Put Option
None disclosed

Issued by L&T Finance Limited, L&T Finance 8.73% Feb 2031 NCD is a secured, rated NCD. It pays an 8.73% p.a. coupon, annually. Principal is repaid at maturity.

Rating Timeline

3 ratings on file

Every rating we hold for this ISIN, from every agency and source, newest first. NSE listing dates are the day we first saw the rating there, not the agency’s date.

DateAgencyRatingOutlookStatusSource
25 Sep 2026 CARE AAA — Latest NSE filing →
15 Feb 2016 CRISIL AAA — Latest NSE filing →
2016 ICRA AAA — NSDL record, 2016 NSDL debt master

Rating Action History

2 actions

Agency actions on L&T Finance Limited and its instruments, not only this bond. Rows marked “This bond” carry this ISIN or an exchange filing that names it.

DateAgencyActionRatingOutlookRationale
2026-09-25
This bond
CARE Reaffirm AAA Stable NSE filing →
2026-08-25 CRISIL Initial AAA Stable View →
Issuer health card · ratings, payment record, defaults, trading, filings 1 item to look at →

Rating Actions on L&T Finance Limited

last 12 months

Agencies rate the issuer and its instruments together; an action may cover bank loans or other instruments rather than this bond. This bond marks actions that carry this ISIN or whose exchange filing names it.

DateAgencyActionRatingRationale
2026-09-25 CARE Reaffirm This bond AAA / Stable NSE filing →
2026-08-25 CRISIL Initial AAA / Stable View →
Alert me about L&T Finance Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 3 CARE, CRISIL, ICRA 2026-09-25
Rating Actions History 2 — 2026-09-25
Secondary-Market Trades 0 — —
Reg52(4) Payment Disclosures 0 — —
  • No secondary-market trade with a usable price on record, so no market yield or spread is shown.

Documents

Entity metadata
Source
NSDL debt master
Last Updated
6 Nov 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.

Current Price (Clean)
—

No recent trade data available

View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE235P07191
Issue Date
24 Feb 2016
Maturity Date
24 Feb 2031
Listing
—
Payment Frequency
Annual
Put / Call Option
None disclosed
Security
Secured
Day Count
ACT/ACT
View Term Sheet
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Frequently Asked Questions
What is the coupon rate on L&T Finance 8.73% Feb 2031 NCD?

L&T Finance 8.73% Feb 2031 NCD carries a coupon of 8.73%, paid annual, on a face value of ₹25,00,000.

When does L&T Finance 8.73% Feb 2031 NCD mature?

L&T Finance 8.73% Feb 2031 NCD matures on 24 Feb 2031, 4.3 years from today.

What is L&T Finance 8.73% Feb 2031 NCD rated?

L&T Finance 8.73% Feb 2031 NCD is rated AAA by CARE (rating dated 25 Sep 2026) and AAA by CRISIL (rating dated 15 Feb 2016).

Is L&T Finance 8.73% Feb 2031 NCD secured?

L&T Finance 8.73% Feb 2031 NCD is a secured bond.

More Bonds from This Issuer

L
L&T Finance 8.15% Nov 2026 NCD
INE235P07571
AAA NSDL record, 2016
Coupon
8.15%
Maturity
13 Nov 2026
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L&T Finance 7.95% Nov 2026 NCD
INE691I07DW6
AAA
Coupon
7.95%
Maturity
16 Nov 2026
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L&T Finance 8.50% Dec 2026 NCD
INE027E07BB0
AAA
Coupon
8.50%
Maturity
23 Dec 2026
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L&T Finance 8.65% Dec 2026 NCD
INE027E07BC8
AAA
Coupon
8.65%
Maturity
23 Dec 2026
Compare (/) Compare Bonds

Comparable NCDs maturing near 2031

Active bonds from other issuers with maturity within 12 months of this one, listed first when they are in the same face-value band as this bond and traded in the last 30 days, then by closest coupon to 8.73%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
INE121A08PF8Cholamandalam Investment and Finance Company LimitedAA+ NSDL record, 20238.75%2030-05-23
INE2T2Q07055Hyderabad Metropolitan Development AuthorityAA NSDL record, 20268.70%2030-03-15
INE338I07206Motilal Oswal Financial Services Limited—8.70%2031-09-16
INE053F09GX2Indian Railway Finance Corporation LimitedAAA8.79%2030-05-04
INE148I07YI2Sammaan Capital LimitedAA8.79%2030-12-09
INE414G07KB6Muthoot Finance LimitedAA+ NSDL record, 20268.65%2031-06-12

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