L
AAA Secured NCD

L&t Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2028

Current YTM
No live YTM available
Coupon Rate
7.22%
Per annum
Maturity Date
10 Nov 2028
2.2 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual) EST
~7.22%
Proxied from coupon — no live trade, not a true YTM
10Y G-Sec Benchmark
6.68%
Reference point, not this bond's tenor
Spread over G-Sec
+267 bps
vs 2.2Y G-Sec at 4.55% *
Below the median spread for similar-tenor peers
Tenure
2.2 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
10 Oct 2026
Interest Payment
₹7,219.00 / Bond
10 Oct 2027
Interest Payment
₹7,219.00 / Bond
10 Oct 2028
Interest Payment
₹7,219.00 / Bond
10 Nov 2028
Principal Payment
₹100,000.00 / Bond

Next 3 coupons + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Initial rating: AAA by CRISIL on 2026-08-25 Issued 2025-10-10 Matures 2028-11-10

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

Key Metrics
Coupon Rate
7.22%
YTM (Annual)
Credit Rating
AAA
(CRISIL)
Remaining Tenure
2.2 Years
Advanced metrics
Modified Duration
1.87 Yrs
Macaulay Duration
2.00 Yrs
Issue Size
₹1,100 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
1.87 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 2.78 percentage points below the median for tracked NCD bonds. (based on 18935 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2025-10-10
Day Count Convention
30/360
Listed Exchange
Call / Put Option
None disclosed

L&t Finance Limited issued this secured, rated, ncd (7.2190% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE SERIES I DATE OF MATURITY 10/11/2028) carrying a 7.22% p.a. coupon, paid annual. It repays principal on maturity.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-08-25 CRISIL Initial AAA Stable View →
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 CARE, CRISIL 2025-09-25
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 7.22% Nov 2028 NCD?

L&t Finance 7.22% Nov 2028 NCD carries a coupon of 7.22%, paid annual, on a face value of ₹100,000.

When does L&t Finance 7.22% Nov 2028 NCD mature?

L&t Finance 7.22% Nov 2028 NCD matures on 2028-11-10, 2.2 years from today.

What is L&t Finance 7.22% Nov 2028 NCD rated?

L&t Finance 7.22% Nov 2028 NCD is rated AAA by CRISIL and AAA by CARE. As of 2025-09-03.

Is L&t Finance 7.22% Nov 2028 NCD secured?

L&t Finance 7.22% Nov 2028 NCD is a secured bond.

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