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Instrument Details

ISIN: INE027E07AX6

Face value

₹1,000

Coupon rate

8.45%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

23.2335

Instrument Type

Debenture

Returns

High

Date of Issue

23 Dec 2019

Maturity Date

23 Dec 2024

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

L&T FINANCE LIMITED SR IV OPT 7 8.45 LOA 23DC24 FVRS1000
L&t Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE027E07AX6, with a face value of ₹1,000 rs on 23Dec19 to raise 23.2335 crores. The debt instrument is issued with a coupon rate of 8.45% 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 Secured Debenture is 8.45% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES IV OPTION 7. DATE OF MATURITY 23/12/2024. This instrument is issued in Public Issue mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 26Dec19 & on NSE stock exchange on 26Dec19. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 15Nov19. This issuer is formerly known as FAMILY CREDIT LIMITED, APEEJAY FINANCE GROUP LIMITED, APEEJAY FINANCE GROUP PRIVATE LIMITED 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
27 Dec 2023
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured
Investment Calculation (Pre-Tax)

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

Face Value
₹1,000
Lot Size
100
Minimum Investment
₹1,00,000

Cashflow

₹1,00,000
23-Dec-19 : Your investment
₹8,450
23-Dec-20 : Interest
₹8,450
23-Dec-21 : Interest
₹8,450
23-Dec-22 : Interest
₹8,450
23-Dec-23 : Interest
₹8,450
23-Dec-24 : Interest
₹1,42,250
23-Dec-24 : Maturity amount (Investment: ₹1,00,000, Interest earned: ₹42,250)

Summary

Instrument Attributes

Value

Coupon Rate

8.45%

Returns

High

Bond Rating

AAA

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Kolkata
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE027E07AX6 issued by L&t Finance Limited

The instrument name of INE027E07AX6 ISIN is L&T FINANCE LIMITED SR IV OPT 7 8.45 LOA 23DC24 FVRS1000.
The interest earned from INE027E07AX6 bond issued by L&t Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE027E07AX6 bond issued by L&t Finance 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 8.45%, which determines the periodic interest payments made to bondholders.
The INE027E07AX6 Debenture is issued by L&t Finance Limited, a Private Sector company.
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