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L&T Finance 8.10% Oct 2032 NCD (INE235P07AD3)

CARE AAA Secured NCD

L&T Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2032

89 more bonds from L&T Finance Limited →
Current YTM
—
No market YTM available
Coupon Rate
8.10%
Per annum
Maturity Date
31 Oct 2032
6.0 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹2,00,000
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
6.0 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

Payment schedule not projected

The issuer's filed interest dates do not follow the maturity-date anniversaries our projection assumes, so projected dates and accrued interest would be wrong.

Bond Timeline

— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Reaffirmed: AAA by CARE on 25 Sep 2026 Issued 21 Oct 2020 Matures 31 Oct 2032

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

Key Metrics

Coupon Rate
8.10%
YTM (Annual)
—
Credit Rating
AAA
(CARE) · rated 25 Sep 2026, 44 days ago
Remaining Tenure
6.0 Years

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

AAA (CRISIL): Rated 31 Oct 2020 (6 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
—
Macaulay Duration
—
Issue Size
₹26 Cr
Minimum Investment
₹10,00,000
5 bonds × ₹2,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration
—
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 2.10 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 7 Nov 2026
Instrument Type
NCD
Issue Date
21 Oct 2020
Day Count Convention
ACT/ACT
Listed Exchange
BSE
Call / Put Option
None disclosed

L&T Finance 8.10% Oct 2032 NCD is a secured, rated NCD issued by L&T Finance Limited. It pays an 8.10% 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 →
31 Oct 2020 CRISIL AAA — Latest BSE listing
1 Oct 2020 CRISIL AAA — Superseded NSE filing →

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 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
BSE
Last Updated
7 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
INE235P07AD3
Issue Date
21 Oct 2020
Maturity Date
31 Oct 2032
Listing
BSE
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 8.10% Oct 2032 NCD?

L&T Finance 8.10% Oct 2032 NCD carries a coupon of 8.10%, paid annual, on a face value of ₹2,00,000.

When does L&T Finance 8.10% Oct 2032 NCD mature?

L&T Finance 8.10% Oct 2032 NCD matures on 31 Oct 2032, 6.0 years from today.

What is L&T Finance 8.10% Oct 2032 NCD rated?

L&T Finance 8.10% Oct 2032 NCD is rated AAA by CARE (rating dated 25 Sep 2026) and AAA by CRISIL (rating dated 31 Oct 2020).

Is L&T Finance 8.10% Oct 2032 NCD secured?

L&T Finance 8.10% Oct 2032 NCD is a secured bond.

Where does L&T Finance 8.10% Oct 2032 NCD trade?

L&T Finance 8.10% Oct 2032 NCD is listed on BSE.

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Maturity
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Coupon
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Maturity
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Coupon
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Maturity
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Comparable NCDs maturing near 2032

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 8.10%. For comparison only, not a recommendation.

BondIssuerRatingCouponMaturity
INE246R07939NIIF Infrastructure Finance Limited—8.10%2031-11-20
INE860H07ID8Aditya Birla Capital LimitedAAA8.12%2032-11-18
INE0AD508026Aseem Infrastructure Finance LimitedAA+ NSDL record, 20258.05%2032-10-29
INE306N08516Tata Capital LimitedAAA NSDL record, 20238.15%2033-07-27
INE246R07616NIIF Infrastructure Finance LimitedAAA NSDL record, 20228.04%2032-05-27
INE246R07954NIIF Infrastructure Finance Limited—8.19%2032-02-19

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