Security Name: 9.90% L and T Finance Limited (P) Call : 27 Aug 2025
ISIN:
INE691I08404
Taxable
Tax Category
27 Aug, 2025
Call Date
(3 Mo 16 D to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
27 Aug, 2015
Allotment Date
NA
Put Date
27 Aug, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
Yes
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
9.9%
Coupon
Variable-Others
Coupon Basis
9.8228%
Current Yield
12 Aug, 2025
Record Date
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
L and T Finance 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 8.68x and it was 14.99x in FY23, indicating decrease in debt level due to decrease in finance cost and incurred profits compared to incurred losses in FY23.
Debt/EBITDA
The ratio in FY24 is 1.56x and it was 0.90x in FY23, indicating increase in debt servicing ability of the issuer due to incurred profit in FY24 compared to losses in FY23.
Interest coverage ratio
Recent News
L&T Finance signs $125-m pact with JICA to aid rural, peri-urban financing
Mar 27, 2024 | L and T Finance Limited
L&T Finance partners with Amazon to enhance consumer lending in India
Nov 28, 2024 | L and T Finance Limited
L&T Launches Second Multi-Purpose Vessel for Indian Navy
Jan 14, 2025 | L and T Finance 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
Yield (YTC)
Principal Amount
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BOND VALUE DETAILS
Face Value
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Stamp Duty
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Total Investment
| Cashflow for INE691I08404 |
|---|
| 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 |
|---|
| 9.90% L and T Finance Limited (P) Call : 27 Aug 2025 |
| Credit Rating |
|---|
| AA + /Stable by CARE AA + /Stable by ICRA |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 9.900000% |
| YTM or YTC |
|---|
| YTC |
| Call Date |
|---|
| 27/08/2025 |
| Security |
|---|
| Senior Unsecured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| May 14,2025 |
| Principal Amount |
|---|
| ₹10,07,859 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹1 |
| Total Amount Payable |
|---|
| ₹10,07,860 |
| Price |
|---|
| ₹100.7859 |
| 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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