Instrument Details

ISIN: INE027E07BW6

Face value

₹10,00,000

Coupon rate

7.55%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

300

Instrument Type

Debenture

Returns

Medium

Date of Issue

01 Jul 2022

Maturity Date

07 Jan 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 A 22-23 7.55 NCD 01JL24 FVRS10LAC
L&t Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE027E07BW6, with a face value of ₹10,00,000 rs on 01Jul22 to raise 300 crores. The debt instrument is issued with a coupon rate of 7.55% 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 7.55% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES A OF FY 2022-23. DATE OF MATURITY 01/07/2024.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 05Jul22. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 26Apr22. 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
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
01-Jul-22 : Your investment
₹75,50,000
01-Jul-23 : Interest
₹39,30,136
07-Jan-24 : Interest
₹11,14,80,136
07-Jan-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹1,14,80,136)

Summary

Instrument Attributes

Value

Coupon Rate

7.55%

Returns

Medium

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 INE027E07BW6 issued by L&t Finance Limited

The instrument name of INE027E07BW6 ISIN is L&T FINANCE LIMITED SR A 22-23 7.55 NCD 01JL24 FVRS10LAC.
The interest earned from INE027E07BW6 bond issued by L&t Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE027E07BW6 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 7.55%, which determines the periodic interest payments made to bondholders.
The INE027E07BW6 Debenture is issued by L&t Finance Limited, a Private Sector company.