L&T FINANCE LIMITED Coupon 9.48% | NBFC Retail Bond

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Invest in Gold Loan Backed Bonds from Muthoottu Mini Financiers Ltd.

Earn 11.27% p.a

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Invest in Gold Loan Backed Bonds from Muthoottu Mini Financiers Ltd.

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

2Y 5M 29Days

Payment Terms

Yearly

Highlights

Credit Rating

CARE AAA/STABLE

Seniority

SUBORDINATE

Security

Unsecured TIER 2

Default History

Zero

About Issuer

L&T FINANCE LIMITED

The financial services arm of Larsen & Turbo Ltd, L&T Finance Holdings Limited offers a diverse range of financial products across the corporate, retail and infrastructure sectors, including mutual funds and investment consulting services. The company has 225 branches in 220 cities across 21 states and 3 union territories, as of 2018. L&T Finance Holdings is registered with the RBI as a Systemically Important Non-Deposit Taking Non-Banking Financial Company with customers that include individual retail customers as well as large companies, banks, multinational companies and small- and medium enterprises.

Total Annual Revenue

10,529 Cr (FY 20)

Year of Inception

1994

Industry

NBFC Retail

Head Office

Mumbai

Type of Issuer

Corporate

Current MD/CEO

Dinanath Dubhashi

Credit Rating / Outlook

AAA STABLE

CARE

AAA STABLE

ICRA

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with AAA credit rating are considered to have the highest degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry lowest credit risk.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

L&T FINANCE LIMITED

Security Name

ISIN

Copy

INE027E08061

Face Value

₹ 10,00,000

Coupon Rate

9.48%

Coupon Type

FIXED

Payment Terms

Yearly

Maturity Date

4-Mar-2026

Clean Price

₹ 104.2

Dirty Price

Current Yield

Yield to Maturity

7.5222%

Mode of Issue

Private Placement

Date of Issue

4-Mar-2016

Listed

Yes

Instrument Type

Taxable

Security

Unsecured

Seniority

SUBORDINATE

Perpetual

Tier level

TIER 2

Trustee Details

Registrar Details

Looking For More Information ?

Request Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: NA

This bond is
currently out of stock

Download Cashflow

Similar Bonds

Bonds by Same Issuer

L&T FINANCE LIMITED

Min Investment

₹5.04 Crs

Returns

7.01%

Payout

Yearly

Credit Rating

AAA/CRISIL

FAQs about L&T Finance Limited bonds

How to buy this L&T Finance Limited bond online?

You can invest in bonds online in under 5 minutes. To buy L&T Finance Limited bond online follow the steps below:

Login/signup at GoldenPi
Upload your documents online to complete the KYC
Pay online via payment gateway and receive bond units in your demat account

What is the yield of this L&T Finance Limited bond?

7.5222% is the current yield of this L&T Finance Limited bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this L&T Finance Limited bond is 7.5222%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this L&T Finance Limited bond?

To redeem this L&T Finance Limited bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this L&T Finance Limited bond is generally simple and straightforward. Contact our support team for more information.

Is this L&T Finance Limited bond tax-free?

No, this L&T Finance Limited bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this L&T Finance Limited bond before the maturity date?

Yes, it is possible to sell this L&T Finance Limited bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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Talk to our Support Team for free. We will help you through your investment journey.

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Highlights

About Issuer

L&T FINANCE LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this L&T Finance Limited bond online?

What is the yield of this L&T Finance Limited bond?

Is it safe to invest in bonds?

How to redeem this L&T Finance Limited bond?

Is this L&T Finance Limited bond tax-free?

Can I sell this L&T Finance Limited bond before the maturity date?

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