L
AAA Secured NCD

L&t Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2036

Current YTM
No live YTM available
Coupon Rate
8.73%
Per annum
Maturity Date
22 Feb 2036
9.5 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹2,500,000
Per Bond
Market Position
YTM (Annual) EST
~8.73%
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
+194 bps
vs 9.5Y G-Sec at 6.79% *
Above the median spread for similar-tenor peers
Tenure
9.5 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
24 Feb 2027
Interest Payment
₹218,250.00 / Bond
24 Feb 2028
Interest Payment
₹218,250.00 / Bond
24 Feb 2029
Interest Payment
₹218,250.00 / Bond
24 Feb 2030
Interest Payment
₹218,250.00 / Bond
24 Feb 2031
Interest Payment
₹218,250.00 / Bond
24 Feb 2032
Interest Payment
₹218,250.00 / Bond
24 Feb 2033
Interest Payment
₹218,250.00 / Bond
24 Feb 2034
Interest Payment
₹218,250.00 / Bond
22 Feb 2036
Principal Payment
₹2,500,000.00 / Bond

Next 8 coupons + principal at maturity · per ₹2,500,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Initial rating: AAA by CRISIL on 2026-08-25 Issued 2016-02-24 Matures 2036-02-22

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

Key Metrics
Coupon Rate
8.73%
YTM (Annual)
Credit Rating
AAA
(CRISIL)
Remaining Tenure
9.5 Years
Advanced metrics
Modified Duration
6.02 Yrs
Macaulay Duration
6.54 Yrs
Issue Size
₹5 Cr
Minimum Investment
₹2,500,000
(1 Bond)
Market Characteristics
Modified Duration
6.02 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
Callable
Observations
  • This bond is secured.
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 1.27 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
2016-02-24
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

Issued by L&t Finance Limited, 8.73% SECURED REDEEMABEL NON CONVERTIBLE BONDS. SERIES E OF FY 2015-16 OPTION 5. DATE OF MATURITY 22/02/2036 is a secured, rated, ncd paying a 8.73% p.a. coupon annual. The instrument 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 →
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CARE, CRISIL 2016-02-15
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 8.73% Feb 2036 NCD?

L&t Finance 8.73% Feb 2036 NCD carries a coupon of 8.73%, paid annual, on a face value of ₹2,500,000.

When does L&t Finance 8.73% Feb 2036 NCD mature?

L&t Finance 8.73% Feb 2036 NCD matures on 2036-02-22, 9.5 years from today.

What is L&t Finance 8.73% Feb 2036 NCD rated?

L&t Finance 8.73% Feb 2036 NCD is rated AAA by CRISIL and AAA by CARE. As of 2016-02-15.

Is L&t Finance 8.73% Feb 2036 NCD secured?

L&t Finance 8.73% Feb 2036 NCD is a secured bond.

Can L&t Finance 8.73% Feb 2036 NCD be called or put back early?

L&t Finance 8.73% Feb 2036 NCD has both a call option, letting the issuer redeem it early, and a put option, letting holders require early repurchase, on scheduled dates.

More Bonds from This Issuer
7
L&t Finance 7.91% Sep 2026 NCD
AAA
Coupon
7.91%
Maturity
25 Sep 2026
7
L&t Finance 7.90% Oct 2026 NCD
AA+
Coupon
7.90%
Maturity
23 Oct 2026
8
L&t Finance 8.50% Dec 2026 NCD
AAA
Coupon
8.50%
Maturity
23 Dec 2026
8
L&t Finance 8.65% Dec 2026 NCD
AAA
Coupon
8.65%
Maturity
23 Dec 2026
Compare (/) Compare Bonds

← Back to screener