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Instrument Details

ISIN: INE018A08BA7

Face value

₹10,00,000

Coupon rate

7.70%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

2500

Instrument Type

Debenture

Returns

Medium

Date of Issue

28 Apr 2020

Maturity Date

28 Apr 2025

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

LARSEN AND TOUBRO LIMITED 7.70 LOA 28AP25 FVRS10LAC
Larsen And Toubro Limited, a Diversified company, has floated Debenture, having ISIN value as INE018A08BA7, with a face value of ₹10,00,000 rs on 28Apr20 to raise 2500 crores. The debt instrument is issued with a coupon rate of 7.70% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Debenture is 7.70% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY 28/04/2025. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 12May20. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 21Apr20. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
05 Jun 2023
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Outlook
Stable
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Seniority in Repayment
None
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
28-Apr-20 : Your investment
₹77,00,000
28-Apr-21 : Interest
₹77,00,000
28-Apr-22 : Interest
₹77,00,000
28-Apr-23 : Interest
₹77,00,000
28-Apr-24 : Interest
₹77,00,000
28-Apr-25 : Interest
₹13,85,00,000
28-Apr-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,85,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.70%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Diversified
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Diversified
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE018A08BA7 issued by Larsen And Toubro Limited

The instrument name of INE018A08BA7 ISIN is LARSEN AND TOUBRO LIMITED 7.70 LOA 28AP25 FVRS10LAC.
The interest earned from INE018A08BA7 bond issued by Larsen And Toubro Limited is paid Annually, ensuring regular and consistent income for investors.
This INE018A08BA7 bond issued by Larsen And Toubro Limited has been assigned a credit rating of AAA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 7.7%, which determines the periodic interest payments made to bondholders.
The INE018A08BA7 Debenture is issued by Larsen And Toubro Limited, a Private Sector company.
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