L&T Finance 8.16% Sep 2027 NCD (INE498L07046)

CRISIL AAA Secured NCD

L&T Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2027

89 more bonds from L&T Finance Limited →

Current YTM

7.95%

Market YTM

Coupon Rate

8.16%

Per annum

Maturity Date

30 Sep 2027

0.9 Yrs to Maturity

Interest Payment

Annual

Frequency

Face Value

₹1,00,000

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)

7.95%

Last traded 8 Oct 2026 (end of day)

10Y G-Sec Benchmark

7.19%

Reference point, not this bond's tenor

Spread over G-Sec

+103 bps

vs 0.9Y G-Sec at 6.92%

Below the median spread for similar-tenor peers

Tenure

0.9 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.

Price data as a table: Recent Market Prices

Cashflow Timeline

28 Jun 2027

Interest Payment

₹8,162.90 / Bond

₹7,346.61 net of 10% TDS (est.)

30 Sep 2027

Final coupon (part period) + principal

₹1,02,096.48 / Bond

₹2,096.48 coupon + ₹1,00,000 face value

2 coupons remaining, the last paid with principal at maturity · per ₹1,00,000 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) ┊ Today

Key Metrics

Coupon Rate

8.16%

YTM (Annual)

7.95%

Credit Rating

AAA

(CRISIL) · rated 12 Dec 2023, 2 years ago

Over 15 months old; see below

Remaining Tenure

0.9 Years

AAA (CRISIL): Rated 12 Dec 2023 (2 years ago) — no review in the last 15 months that our sources show; the agency may have reviewed it since.

Advanced metrics

Modified Duration

0.82 Yrs

Macaulay Duration

0.89 Yrs

Issue Size

₹433 Cr

Face Value

₹1,00,000

Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration

0.82 Yrs

Price sensitivity per 1% yield move

Payment Frequency

Annual

Last Trade

8 Oct 2026

NSE OTC (WAP)

Trades (30 Days)

Exchange-reported sessions

Security Status

Secured

No call option

Observations

This bond is secured.
1 secondary-market trade recorded in the last 30 days.
Coupon is 2.04 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 16 Jul 2026

Issuer

L&T Finance Limited

Instrument Type

NCD

Issue Date

28 Jun 2024

Day Count Convention

ACT/ACT

Listed Exchange

—

Call / Put Option

None disclosed

Issued by L&T Finance Limited, L&T Finance 8.16% Sep 2027 NCD is a secured, rated NCD. It pays an 8.16% 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.

Date	Agency	Rating	Outlook	Status	Source
seen on 28 Jun 2026	CRISIL	AAA	—	Superseded	NSE listing
2024	ICRA	AAA	—	NSDL record, 2024	NSDL debt master
12 Dec 2023	CRISIL	AAA	—	Latest	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	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	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.

Recent Market Prices

Recent BSE trades for INE498L07046: trade date, clean price, YTM and number of trades
Trade Date	Clean Price	YTM (%)	Trades
2026-10-08	100.1856	7.9500	2
2026-10-07	100.0000	8.1543	—

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	3	CRISIL, ICRA	2026-06-28
Rating Actions History	2	—	2026-09-25
Secondary-Market Trades	2	NSE OTC (WAP)	2026-10-08
Reg52(4) Payment Disclosures	0	—	—

Documents

Entity metadata

Source: NSDL debt master
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.

₹1,00,185.60

YTM7.95%

Trade Date 8 Oct 2026 31d ago

SourceNSE OTC (WAP)

Accrued interest (est.)₹894.56

Dirty price (est.)₹1,01,080.16

View on BSE → Calculate YTM for this bond

Frequently Asked Questions

What is the coupon rate on L&T Finance 8.16% Sep 2027 NCD?

L&T Finance 8.16% Sep 2027 NCD carries a coupon of 8.16%, paid annual, on a face value of ₹1,00,000.

When does L&T Finance 8.16% Sep 2027 NCD mature?

L&T Finance 8.16% Sep 2027 NCD matures on 30 Sep 2027, 0.9 years from today.

What is L&T Finance 8.16% Sep 2027 NCD rated?

L&T Finance 8.16% Sep 2027 NCD is rated AAA by CRISIL (rating dated 12 Dec 2023).

Is L&T Finance 8.16% Sep 2027 NCD secured?

L&T Finance 8.16% Sep 2027 NCD is a secured bond.

What yield does L&T Finance 8.16% Sep 2027 NCD currently offer?

The last recorded trade on 8 Oct 2026 priced L&T Finance 8.16% Sep 2027 NCD at ₹1,00,185.60 per bond, implying a yield to maturity of 7.95%.

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Maturity

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Maturity

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Maturity

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Maturity

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Compare (/) Compare Bonds

Comparable NCDs maturing near 2027

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 8.16%. For comparison only, not a recommendation.

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INE831R07466	Aditya Birla Housing Finance Limited	AAA	8.17%	2027-08-25
INE296A08847	Bajaj Finance Limited	AAA	8.15%	2027-06-22
INE522D07CJ3	Manappuram Finance Limited	AA	8.15%	2027-12-30
INE289B07149	GIC Housing Finance Limited	AA+	8.15%	2028-01-28
INE121A07SM0	Cholamandalam Investment and Finance Company Limited	AA+ NSDL record, 2025	8.19%	2027-03-26
INE206D08378	Nuclear Power Corporation of India Limited	AAA NSDL record, 2016	8.13%	2028-03-28

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