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L&T Finance 8.57% Oct 2036 NCD (INE498L08077)

NCD

L&T Finance Limited

Taxable, Redeemable NCD

Browse: bonds maturing in 2036

89 more bonds from L&T Finance Limited →

Current YTM

8.41%

Market YTM

Coupon Rate

8.57%

Per annum

Maturity Date

10 Oct 2036

9.9 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)

8.41%

Last traded 6 Nov 2026 (end of day)

10Y G-Sec Benchmark

7.19%

Reference point, not this bond's tenor

Spread over G-Sec

+115 bps

vs 9.9Y G-Sec at 7.26%

Above the median spread for similar-tenor peers

Tenure

9.9 Years

Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)

23 Oct 20266 Nov 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

12 Oct 2027

Interest Payment

₹8,570.00 / Bond

₹7,713.00 net of 10% TDS (est.)

12 Oct 2028

Interest Payment

₹8,570.00 / Bond

₹7,713.00 net of 10% TDS (est.)

12 Oct 2029

Interest Payment

₹8,570.00 / Bond

₹7,713.00 net of 10% TDS (est.)

12 Oct 2030

Interest Payment

₹8,570.00 / Bond

₹7,713.00 net of 10% TDS (est.)

12 Oct 2031

Interest Payment

₹8,570.00 / Bond

₹7,713.00 net of 10% TDS (est.)

12 Oct 2032

Interest Payment

₹8,570.00 / Bond

₹7,713.00 net of 10% TDS (est.)

12 Oct 2033

Interest Payment

₹8,570.00 / Bond

₹7,713.00 net of 10% TDS (est.)

12 Oct 2034

Interest Payment

₹8,570.00 / Bond

₹7,713.00 net of 10% TDS (est.)

…

+1 more coupon until 12 Oct 2035

₹8,570.00 each / Bond

10 Oct 2036

Final coupon (part period) + principal

₹1,08,523.17 / Bond

₹8,523.17 coupon + ₹1,00,000 face value

10 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

8.57%

YTM (Annual)

8.41%

Credit Rating

—

No rating on file for this ISIN; issuer rating below

Remaining Tenure

9.9 Years

No rating on file for this ISIN. Issuer rating: AAA (CARE), reaffirmed 25 Sep 2026 — the agency's rating of the issuer's debt, which may not cover this bond.

Advanced metrics

Modified Duration

6.49 Yrs

Macaulay Duration

7.04 Yrs

Issue Size

—

Face Value

₹1,00,000

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

Market Characteristics

Modified Duration

6.49 Yrs

Price sensitivity per 1% yield move

Payment Frequency

Annual

Last Trade

6 Nov 2026

NSE OTC (WAP)

Trades (30 Days)

15

Exchange-reported sessions

Security Status

—

No call option

Observations

No public credit rating is available for this bond.
15 secondary-market trades recorded in the last 30 days.
Coupon is 1.63 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 11 Oct 2026

Issuer

L&T Finance Limited

Instrument Type

NCD

Issue Date

12 Oct 2026

Day Count Convention

ACT/ACT

Listed Exchange

—

Call / Put Option

None disclosed

L&T Finance 8.57% Oct 2036 NCD is an NCD issued by L&T Finance Limited. It pays an 8.57% p.a. coupon, annually. Principal is repaid at maturity.

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 INE498L08077: trade date, clean price, YTM and number of trades
Trade Date	Clean Price	YTM (%)	Trades
2026-11-06	100.9816	8.4078	3
2026-11-05	100.0283	8.5554	6
2026-11-04	100.0933	8.5390	1
2026-11-03	99.9997	8.5600	2
2026-10-30	100.3300	8.5100	2
2026-10-29	100.0245	8.5571	10
2026-10-28	99.1058	8.6997	1
2026-10-27	99.6117	8.6198	2
2026-10-26	100.0045	8.5625	7
2026-10-23	99.8431	8.5868	3

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	0	—	—
Rating Actions History	2	—	2026-09-25
Secondary-Market Trades	10	NSE OTC (WAP)	2026-11-06
Reg52(4) Payment Disclosures	0	—	—

No public credit rating on file for this bond.

Documents

Entity metadata

Source: NSDL debt master
Last Updated: 11 Oct 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.

₹1,00,981.60

YTM8.41%

Trade Date 6 Nov 2026 2d ago

SourceNSE OTC (WAP)

Accrued interest (est.)₹704.38

Dirty price (est.)₹1,01,685.98

View on BSE → Calculate YTM for this bond

Frequently Asked Questions

What is the coupon rate on L&T Finance 8.57% Oct 2036 NCD?

L&T Finance 8.57% Oct 2036 NCD carries a coupon of 8.57%, paid annual, on a face value of ₹1,00,000.

When does L&T Finance 8.57% Oct 2036 NCD mature?

L&T Finance 8.57% Oct 2036 NCD matures on 10 Oct 2036, 9.9 years from today.

What yield does L&T Finance 8.57% Oct 2036 NCD currently offer?

The last recorded trade on 6 Nov 2026 priced L&T Finance 8.57% Oct 2036 NCD at ₹1,00,981.60 per bond, implying a yield to maturity of 8.41%.

More Bonds from This Issuer

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AAA NSDL record, 2016

Coupon

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Maturity

13 Nov 2026

View Details

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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

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AAA

Coupon

8.65%

Maturity

23 Dec 2026

View Details

Compare (/) Compare Bonds

Comparable NCDs maturing near 2036

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 8.57%. For comparison only, not a recommendation.

Bond	Issuer	Rating	Coupon	Maturity
INE511N08040	Axis Max Life Insurance Limited	—	8.60%	2036-09-28
INE02KN08012	Godrej Finance Limited	AA+	8.50%	2036-04-28
INE2T2Q07204	Hyderabad Metropolitan Development Authority	AA	8.50%	2036-06-13
INE02JD08023	Godrej Housing Finance Limited	—	8.50%	2036-09-24
INE414G08355	Muthoot Finance Limited	AA+	8.70%	2036-01-16
INE2T2Q07139	Hyderabad Metropolitan Development Authority	AA+ NSDL record, 2026	8.70%	2037-03-13

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