Security Name: 9.05% L and T Finance Holdings Limited 15 Apr 2027
ISIN:
INE027E07AL1
Taxable
Tax Category
15 Apr, 2027
Maturity Date
(2 Yr 2 Mo 27 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
15 Apr, 2019
Allotment Date
NA
Put Date
15 Apr, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
IPO
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
9.05%
Coupon
Fixed Interest
Coupon Basis
NaN%
Current Yield
YOUR EARNING
Your Investment
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
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
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.
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.
Interest coverage ratio
Recent News
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
L&T Finance Ltd. launches ‘The Complete Home Loan’ in Chennai
Oct 24, 2024 | Land T Finance Holdings Limited
Related Videos
What are Bonds?
From Basics to Brilliance: Unravelling the Concept of Bonds
Corporate Bonds: Issuance, Trading & Settlement
Fuelling Growth with Corporate Bonds: A Closer Look at Debt Securities
STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
₹NaN
Clean Price
%
Yield (YTM)
Principal Amount
Accrued Interest from
Enter no. of bonds you want to buy
BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
Select a Settlement Date:
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 |
|---|
| % |
| Year | Payment Date | Amount | Payout 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.
