L
AA+ Unsecured NCD

L&t Finance Limited

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2031

Current YTM
No live YTM available
Coupon Rate
8.55%
Per annum
Maturity Date
05 Sep 2031
5.0 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹1,000,000
Per Bond
Market Position
YTM (Annual) EST
~8.55%
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
+215 bps
vs 5.0Y G-Sec at 6.40% *
Above the median spread for similar-tenor peers
Tenure
5.0 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
7 Sep 2026
Interest Payment
₹85,500.00 / Bond
7 Sep 2027
Interest Payment
₹85,500.00 / Bond
7 Sep 2028
Interest Payment
₹85,500.00 / Bond
7 Sep 2029
Interest Payment
₹85,500.00 / Bond
7 Sep 2030
Interest Payment
₹85,500.00 / Bond
5 Sep 2031
Principal Payment
₹1,000,000.00 / Bond

Next 5 coupons + principal at maturity · per ₹1,000,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Initial rating: AAA by CRISIL on 2026-08-25 Issued 2016-09-07 Matures 2031-09-05

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

Key Metrics
Coupon Rate
8.55%
YTM (Annual)
Credit Rating
AA+
(ICRA)
Remaining Tenure
5.0 Years
Advanced metrics
Modified Duration
3.64 Yrs
Macaulay Duration
3.95 Yrs
Issue Size
₹30 Cr
Minimum Investment
₹1,000,000
(1 Bond)
Market Characteristics
Modified Duration
3.64 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
No recorded trades
Trades (30 Days)
0
Exchange-reported sessions
Security Status
Unsecured
Callable
Observations
  • This bond is unsecured.
  • No secondary-market trades recorded in the last 30 days.
  • Coupon is 1.45 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
2016-09-07
Day Count Convention
30/360
Listed Exchange
Call / Put Option
Callable & Puttable

Issued by L&t Finance Limited, 8.55% UNSECURED REDEEMABLE NON-CONVERTIBLE SUBORDINATE BONDS ELIGIBLE FOR TIER II CAPITAL. SERIES P OF FY 2016_17. DATE OF MATURITY 05/09/2031 is a rated, ncd paying a 8.55% p.a. coupon annual. 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 ICRA 2016-08-19
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 8.55% Sep 2031 NCD?

L&t Finance 8.55% Sep 2031 NCD carries a coupon of 8.55%, paid annual, on a face value of ₹1,000,000.

When does L&t Finance 8.55% Sep 2031 NCD mature?

L&t Finance 8.55% Sep 2031 NCD matures on 2031-09-05, 5.0 years from today.

What is L&t Finance 8.55% Sep 2031 NCD rated?

L&t Finance 8.55% Sep 2031 NCD is rated AA+ by ICRA. As of 2016-08-19.

Is L&t Finance 8.55% Sep 2031 NCD secured?

L&t Finance 8.55% Sep 2031 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Can L&t Finance 8.55% Sep 2031 NCD be called or put back early?

L&t Finance 8.55% Sep 2031 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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