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Security Name: 9.05% L and T Finance Holdings Limited 15 Apr 2027

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ISIN:
INE027E07AL1
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Taxable

Tax Category

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15 Apr, 2027

Maturity Date
(2 Yr 2 Mo 27 D to mature)

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Yearly

Interest Payment Frequency

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Yes

NRI Eligibility

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15 Apr, 2019

Allotment Date

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NA

Put Date

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15 Apr, 2025

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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IPO

Mode of Issue

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Listed

Listing Details

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Non Public Sector Undertaking

Type of Issuer

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Quote Not Available

Dirty Price

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9.05%

Coupon

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Fixed Interest

Coupon Basis

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NaN%

Current Yield

YOUR EARNING

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Your Investment

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Final Payout

₹0

Error Generating Cashflow 😥. We are looking into this.

*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AAA Stable
CARE
AAA Stable
ICRA
AAA Stable
IND
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Secured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Land T Finance Holdings Limited

L&T Finance Limited (LTFL) was originally incorporated as Apeejay Finance Group Ltd. in 1993. In September 2006, Societe Generale Consumer Finance, a division of Societe Generale Group, France, acquired 45% stake in the company and gradually increased its stake to 100% by October 2007. Subsequently, the company’s name was changed to Family Credit Limited (FCL). In December 2012, LTFHL, the flagship holding company for the financial services of the L&T Group, acquired 100% shareholding in FCL. During March 2017, L&T Finance Limited and L&T FinCorp Limited amalgamated with Family Credit Limited. The amalgamated entity was renamed as L&T Finance Limited. Since 2023, L&T Finance Limited (“LTFL”), L&T Infra Credit Limited (“LTICL”), and L&T Mutual Fund Trustee Limited (“LTMFTL”) have merged with L&T Finance Holdings Limited (“LTFHL”)

The ratio in FY24 is 8.73x and it was 9.52x in FY23, indicating decrease in the debt level due to decrease in the borrowings as well as finance cost of the issuer.

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Debt/EBITDA

The ratio in FY24 is 1.56x and it was 1.44x in FY23, indicating increase in issuers debt servicing ability, majorly due to decrease in interest on debt securities and Interest on subordinated liabilities which led to overall decrease in finance cost.

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Interest coverage ratio

Recent News
News Thumbnail
L&T Finance aims to be among the top 3 lenders in the electric two-wheeler space

Mar 25, 2024 | Land T Finance Holdings Limited

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L&T Finance Ltd. launches ‘The Complete Home Loan’ in Chennai

Oct 24, 2024 | Land T Finance Holdings Limited

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STEPS TO BUY THIS BOND
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
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How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
E-Book
To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS

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Total Investment
Cashflow for INE027E07AL1
Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR).
Security Name
9.05% L and T Finance Holdings Limited 15 Apr 2027
Credit Rating
AAA Stable by CARE
AAA Stable by ICRA
AAA Stable by IND
Coupon Frequency
Yearly
Face Value
₹1,000
Coupon
9.050000%
YTM or YTC
YTM
Maturity Date
15/04/2027
Security
Senior Secured
No. of Bonds
1
Settlement Date
Principal Amount
₹NaN
Accrued Interest
₹NaN
Stamp Duty
₹0
Total Amount Payable
₹NaN
Price
₹NaN
Yield
%
YearPayment DateAmountPayout Type

Quote Not Available for purchase

Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.

Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.

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