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 1 Mo 19 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
₹NaN
Dirty Price
9.05%
Coupon
Fixed Interest
Coupon Basis
8.8500%
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
The new name for "L&T Fincorp Limited" is "L&T Finance Limited". Previously known as "L&T Finance Holdings Limited", the company recently changed its name to simply "L&T Finance Limited". LTF is an NBFC subsidiary of L&T that operates in the lending segment. On 4 December 2023, L&T Finance Holdings announced the successful completion of the merger with its subsidiaries L&T Finance, L&T Infra Credit and L&T Mutual Fund Trustee . Subsequent to this, L&T Finance Holdings – changed its name to L&T Finance Ltd (LTF) – and has been operating as a single unified retail NBFC, housing all lending businesses under one operating NBFC.
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
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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.
Clean Price
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BOND VALUE DETAILS
Face Value
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Stamp Duty
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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 |
|---|
| Feb 25,2025 |
| Principal Amount |
|---|
| ₹1,022.6 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,022.6 |
| Price |
|---|
| ₹102.26 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
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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