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L&T Finance Limited 9.35% 2029 Bond

ISININE027E07972

L&T FINANCE LIMITED SR V OPT 2 9.35 LOA 13MR29 FVRS1000

L&T Finance Limited is a corporate (non-PSU) issuer in the Non-Banking Financial Company (NBFC) sector. This directory lists 84 of its bonds, 1 available on Grip.

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Key terms

Issue date
13 Mar 2019
Interest basis
Simple
Instrument
Debentures
Mode of issue
Public Issue
Series
SERIES V OPTION 2
Sector
Non-Banking Financial Company (NBFC)
Issuer type
Corporate
Issuer nature
NBFC
Minimum investment on Grip
₹1,090

Only disclosed values are shown. Anything not listed here is not available in our data.

What the rating means

CARE AAA / StableIndia Ratings AAA / StableICRA AAA / Stable

AAAmost conservative current agency grade

Each rung groups an agency grade's +/- notches: “AA”, for example, covers AA+, AA and AA-. AAA, C and D are single grades.

AAA is the highest rating an Indian agency assigns. It signals the strongest assessed capacity to pay interest and principal on time: the agency sees the risk of default as the lowest it recognises. Ratings are agency opinions that can change over time, and a rating is not a guarantee of repayment.

Disclosed rating string: CARE AAA/Stable;IND AAA/Stable;ICRA AAA/Stable

This describes the bond's credit rating only. Interest-rate, liquidity and reinvestment risks are covered in “Before you act”.

Price, yield & cashflows

At face value this bond yields 7.50% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

10 scheduled payments through 13 Mar 2029; final payment ₹1,094 per bond.

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