L
AAA Secured NCD

L&t Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2028

Current YTM
8.26%
Market YTM
Coupon Rate
Per annum
Maturity Date
21 Sep 2028
2.1 Yrs to Maturity
Interest Payment
None
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
8.26%
Live, last traded 2026-08-17
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+353 bps
vs 2.1Y G-Sec at 4.73%
Above the median spread for similar-tenor peers
Tenure
2.1 Years
Remaining to maturity
Price vs Yield
— Price (Clean) — Yield (YTM)
2026-07-22 2026-08-17
Cashflow Timeline

Single payment at maturity

Zero-coupon / bullet bond — principal repaid on 2028-09-21.
Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Initial rating: AAA by CRISIL on 2026-08-25 Issued 2025-06-26 Matures 2028-09-21

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

Key Metrics
Coupon Rate
YTM (Annual)
8.26%
Credit Rating
AAA
(CRISIL)
Remaining Tenure
2.1 Years
Advanced metrics
Modified Duration
Macaulay Duration
Issue Size
₹500 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
Price sensitivity per 1% yield move
Payment Frequency
Last Trade
2026-08-17
BSE
Trades (30 Days)
5
Exchange-reported sessions
Security Status
Secured
No call option
Observations
  • This bond is secured.
  • 5 secondary-market trades recorded in the last 30 days.
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2025-06-26
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

L&t Finance Limited issued this secured, rated, ncd (SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES E DATE OF MATURITY 21/09/2028) carrying a 0.00% p.a. coupon, paid . It repays principal on maturity.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-08-25 CRISIL Initial AAA Stable View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-08-17 106.0600 8.2600 1
2026-08-14 105.9600 8.2700 1
2026-08-12 105.9600 8.2500 1
2026-08-10 105.9100 8.2500 1
2026-07-28 105.6200 8.2500 1
2026-07-23 105.5000 8.2500 2
2026-07-22 105.4500 8.2600 2
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CRISIL, INDIA_RATINGS 2025-09-03
Rating Actions History 1 2026-08-25
Secondary-Market Trades 7 BSE 2026-08-17
Reg52(4) Payment Disclosures 0
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
When does L&t Finance ZC Sep 2028 NCD mature?

L&t Finance ZC Sep 2028 NCD matures on 2028-09-21, 2.1 years from today.

What is L&t Finance ZC Sep 2028 NCD rated?

L&t Finance ZC Sep 2028 NCD is rated AAA by CRISIL and AAA by INDIA_RATINGS. As of 2025-09-03.

Is L&t Finance ZC Sep 2028 NCD secured?

L&t Finance ZC Sep 2028 NCD is a secured bond.

What yield does L&t Finance ZC Sep 2028 NCD currently offer?

The last recorded trade on 2026-08-17 priced L&t Finance ZC Sep 2028 NCD at ₹106.06, implying a yield to maturity of 8.26%.

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