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L&T Finance Limited 8.73% 2031 Bond

ISININE235P07191

L&T FINANCE LIMITED SR-E OPT-4 8.73 BD 24FB31 FVRS25LAC

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

Key terms

Issue date
24 Feb 2016
Interest basis
Simple
Instrument
Bonds
Mode of issue
Private Placement
Series
SERIES E OF FY 2015-16 OPTION 4
Sector
Finance
Issuer type
Corporate
Issuer nature
NBFC

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

What the rating means

CARE AAA / StableICRA AAA / StableCRISIL 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;ICRA AAA/Stable;CRISIL 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 8.71% to maturity. Enter the price you would pay to see the yield it implies, with the full cashflow ladder.

15 scheduled payments through 24 Feb 2031; final payment ₹27,18,250 per bond.

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Available on Grip

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