L
AA+ Secured NCD

L&t Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2028

Current YTM
No live YTM available
Coupon Rate
9.70%
Per annum
Maturity Date
18 Oct 2028
2.1 Yrs to Maturity
Interest Payment
Quarterly
Frequency
Face Value
₹428,571
Per Bond
Market Position
YTM (Annual) EST
~9.70%
Proxied from coupon — no live trade, not a true YTM
10Y G-Sec Benchmark
6.66%
Reference point, not this bond's tenor
Spread over G-Sec
+498 bps
vs 2.1Y G-Sec at 4.72% *
Top 21% of similar-tenor peers by spread
Tenure
2.1 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
18 Oct 2026
Interest Payment
₹10,392.86 / Bond
18 Jan 2027
Interest Payment
₹10,392.86 / Bond
18 Apr 2027
Interest Payment
₹10,392.86 / Bond
18 Jul 2027
Interest Payment
₹10,392.86 / Bond
18 Oct 2027
Interest Payment
₹10,392.86 / Bond
18 Jan 2028
Interest Payment
₹10,392.86 / Bond
18 Apr 2028
Interest Payment
₹10,392.86 / Bond
18 Jul 2028
Interest Payment
₹10,392.86 / Bond
18 Oct 2028
Principal Payment
₹428,571.43 / Bond

Next 8 coupons + principal at maturity · per ₹428,571 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Initial rating: AAA by CRISIL on 2026-08-25 Issued 2011-10-18 Matures 2028-10-18

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

Key Metrics
Coupon Rate
9.70%
YTM (Annual)
Credit Rating
AA+
(CARE)
Remaining Tenure
2.1 Years
Advanced metrics
Modified Duration
1.89 Yrs
Macaulay Duration
1.93 Yrs
Issue Size
₹500 Cr
Minimum Investment
₹428,571
(1 Bond)
Market Characteristics
Modified Duration
1.89 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Quarterly
Last Trade
No recorded trades
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Secured
Callable
Observations
  • This bond is secured.
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 0.30 percentage points below the median for tracked NCD bonds. (based on 18927 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
2011-10-18
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

Issued by L&t Finance Limited, 9.70% Secured Non-Convertible Debenture. Series- A FY 2011-12. Date of Maturity 18/10/2028 is a secured, rated, ncd paying a 9.70% p.a. coupon quarterly. The instrument repays principal on maturity. The issuer holds the right to redeem the bond before maturity date.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-08-25 CRISIL Initial AAA Stable View →
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 1 CARE 2011-09-30
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 9.70% Oct 2028 NCD?

L&t Finance 9.70% Oct 2028 NCD carries a coupon of 9.70%, paid quarterly, on a face value of ₹428,571.

When does L&t Finance 9.70% Oct 2028 NCD mature?

L&t Finance 9.70% Oct 2028 NCD matures on 2028-10-18, 2.1 years from today.

What is L&t Finance 9.70% Oct 2028 NCD rated?

L&t Finance 9.70% Oct 2028 NCD is rated AA+ by CARE. As of 2011-09-30.

Is L&t Finance 9.70% Oct 2028 NCD secured?

L&t Finance 9.70% Oct 2028 NCD is a secured bond.

Can L&t Finance 9.70% Oct 2028 NCD be called or put back early?

L&t Finance 9.70% Oct 2028 NCD has both a call option, letting the issuer redeem it early, and a put option, letting holders require early repurchase, on scheduled dates.

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