Fixed Alpha
AAA

What do these ratings mean?

Credit ratings assigned by SEBI-registered agencies such as CRISIL, ICRA and CARE.

Sovereign BondsSOVEREIGN
These securities are the safest investments, backed by governments with a strong ability to meet financial obligations.
Highest SafetyAAA
Securities with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such securities carry lowest credit risk.
High SafetyAA+AAAA-
Securities with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such securities carry very low credit risk.
Adequate SafetyA+AA-
Securities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such securities carry low credit risk.
Moderate SafetyBBB+BBBBBB-
Securities with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such securities carry moderate credit risk.
Moderate RiskBB+BBBB-
Securities with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
Moderate High RiskB+BB-
Securities with this rating are considered to have high risk of default regarding timely servicing of financial obligations.
Very High RiskCCC+CCCCCC-CC+CCCC-C+CC-
Securities with this rating are considered to have very high risk of default regarding timely servicing of financial obligations.
DefaultD
Securities with this rating are in default or are expected to be in default soon.

L&t Finance Limited

INE027E07972· Listed on NSE & BSE

6.51%

Yield

Tenure

2Y 5M 26D

Maturity Date

13 Mar 2029

Coupon Frequency

Annual

Face Value

₹1,000

Nature

Secured

Coupon Rate

9.35%

About the Issuer

L&T Finance Ltd (LTF) is a leading NBFC and a subsidiary of the renowned L&T Group. In December 2023, LTF restructured by merging its subsidiaries, L&T Finance, L&T Infra Credit, and L&T Mutual Fund Trustee, to operate as a unified retail NBFC. The company focuses on retail lending, serving markets through farm equipment loans, two-wheeler financing, microfinance, home loans, personal loans, loans against property, and SME finance. L&T Group, a powerhouse in India's industrial and financial sectors, holds a majority stake in LTF, strengthening its strategic alignment with the group, whose top management plays an active role in overseeing LTF's performance in line with long-term group goals. LTF's product offerings are diverse, and with a sharp focus on retailisation, the company aims to enhance its digital platforms and customer service, having also ventured into new areas such as warehouse-related financing and rural business loans. LTF benefits from strong backing by the L&T Group, enabling continued capital infusion and strategic support, along with a well-rounded retail product portfolio, robust risk management, and digital advancements that support better asset quality and growth.

Rating Rationale

Coupon ladder

Payment schedule of interest and principal

Mar '20Coupon

₹94

Mar '21Coupon

₹94

Mar '22Coupon

₹94

Mar '23Coupon

₹94

Mar '24Coupon

₹94

Mar '25Coupon

₹94

Mar '26Coupon

₹94

Mar '27Coupon

₹94

Mar '28Coupon

₹94

Mar '29Coupon + Principal

₹1,094

Bond Trading History

Trading history isn’t available for this instrument yet.

Data as of 16-Sep-2026

How to invest in this bond

L&t Finance Limited

Login to your existing Equity broker (Eg. Zerodha, ICICI Direct) and purchase bonds from BSE/NSE just like equity using the following steps:

  1. Search for this specific bond. Copy its ISIN and enter in the Search bar of your broker app.INE027E07972If that does not work, try its BSE or NSE scrip code:BSE936528NSE20643
  2. Enter the quantity required.
  3. Enter following Price:₹1,110.30This is the Price at which you will earn Fixed Returns (Yield) of 6.51% if you hold the bond till maturity. If you enter a different price, then your returns will differ.
  4. Fund your wallet and place the order.
  5. Once the transaction is successful, bonds will get credited to your demat account next day (T+1) like equities.
  6. Interest and Principal will get directly deposited to your bank account linked with your Demat.