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L&T Finance 7.95% Nov 2032 NCD (INE235P07AI2)

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

7.95%

Per annum

Maturity Date

25 Nov 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

25 Nov 2026

Interest Payment

₹15,900.00 / Bond

₹14,310.00 net of 10% TDS (est.)

25 Nov 2027

Interest Payment

₹15,900.00 / Bond

₹14,310.00 net of 10% TDS (est.)

25 Nov 2028

Interest Payment

₹15,900.00 / Bond

₹14,310.00 net of 10% TDS (est.)

25 Nov 2029

Interest Payment

₹15,900.00 / Bond

₹14,310.00 net of 10% TDS (est.)

25 Nov 2030

Interest Payment

₹15,900.00 / Bond

₹14,310.00 net of 10% TDS (est.)

25 Nov 2031

Interest Payment

₹15,900.00 / Bond

₹14,310.00 net of 10% TDS (est.)

25 Nov 2032

Final coupon + principal

₹2,15,900.00 / Bond

₹15,900.00 coupon + ₹2,00,000 face value

7 coupons remaining, the last paid with principal at maturity · per ₹2,00,000 face value · projected dates

Net amounts are estimates: 10% TDS applies to a resident with PAN once interest from one issuer reaches ₹10,000 in a financial year. Below that, or with Form 15G/15H, no TDS is deducted. Not tax advice.

Bond Timeline

— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today

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

Key Metrics

Coupon Rate

7.95%

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 Dec 2020 (5 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

4.33 Yrs

Macaulay Duration

4.67 Yrs

Issue Size

₹10 Cr

Minimum Investment

₹10,00,000

5 bonds × ₹2,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration

4.33 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 2.25 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

Issuer

L&T Finance Limited

Instrument Type

NCD

Issue Date

25 Nov 2020

Day Count Convention

ACT/ACT

Listed Exchange

BSE

Call / Put Option

None disclosed

Issued by L&T Finance Limited, L&T Finance 7.95% Nov 2032 NCD is a secured, rated NCD. It pays a 7.95% p.a. coupon, annually. Principal is repaid at maturity.

Rating Timeline

4 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.

Date	Agency	Rating	Outlook	Status	Source
25 Sep 2026	CARE	AAA	—	Latest	NSE filing →
31 Dec 2020	CRISIL	AAA	Stable	Latest	BSE listing
2020	CARE	AAA	—	NSDL record, 2020	NSDL debt master
27 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.

Date	Agency	Action	Rating	Outlook	Rationale
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.

Date	Agency	Action	Rating	Rationale
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

Dataset	Records	Detail	Freshness
Credit Ratings	4	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.

Frequently Asked Questions

What is the coupon rate on L&T Finance 7.95% Nov 2032 NCD?

L&T Finance 7.95% Nov 2032 NCD carries a coupon of 7.95%, paid annual, on a face value of ₹2,00,000.

When does L&T Finance 7.95% Nov 2032 NCD mature?

L&T Finance 7.95% Nov 2032 NCD matures on 25 Nov 2032, 6.0 years from today.

What is L&T Finance 7.95% Nov 2032 NCD rated?

L&T Finance 7.95% Nov 2032 NCD is rated AAA by CARE (rating dated 25 Sep 2026) and AAA by CRISIL (rating dated 31 Dec 2020).

Is L&T Finance 7.95% Nov 2032 NCD secured?

L&T Finance 7.95% Nov 2032 NCD is a secured bond.

Where does L&T Finance 7.95% Nov 2032 NCD trade?

L&T Finance 7.95% Nov 2032 NCD is listed on BSE.

More Bonds from This Issuer

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L&T Finance 8.15% Nov 2026 NCD

INE235P07571

AAA NSDL record, 2016

Coupon

8.15%

Maturity

13 Nov 2026

View Details

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L&T Finance 7.95% Nov 2026 NCD

INE691I07DW6

AAA

Coupon

7.95%

Maturity

16 Nov 2026

View Details

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L&T Finance 8.50% Dec 2026 NCD

INE027E07BB0

AAA

Coupon

8.50%

Maturity

23 Dec 2026

View Details

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L&T Finance 8.65% Dec 2026 NCD

INE027E07BC8

AAA

Coupon

8.65%

Maturity

23 Dec 2026

View Details

Compare (/) Compare Bonds

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 7.95%. For comparison only, not a recommendation.

Bond	Issuer	Rating	Coupon	Maturity
INE040A08914	HDFC Bank Limited	AAA NSDL record, 2023	7.97%	2033-02-17
INE153A08105	Mahanagar Telephone Nigam Limited	AAA	8.00%	2032-11-15
INE721A07QO7	Shriram Finance Limited	AA+	8.00%	2031-12-26
INE306N07MS0	Tata Capital Limited	AAA NSDL record, 2022	8.00%	2032-06-01
INE040A08807	HDFC Bank Limited	AAA NSDL record, 2023	8.00%	2032-07-27
INE377Y07359	Bajaj Housing Finance Limited	AAA NSDL record, 2022	7.89%	2032-09-08

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