Instrument Details

ISIN: INE027E07BY2

Face value

₹10,00,000

Coupon rate

0%

Payment

Never

Tax Type

Taxable

Issue Size (Cr)

300

Instrument Type

Debenture

Returns

Low

Date of Issue

15 Jul 2022

Maturity Date

15 Sep 2025

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL 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 B OPT II NCD 15SP25 FVRS10LAC
L&t Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE027E07BY2, with a face value of ₹10,00,000 rs on 15Jul22 to raise 300 crores. The debt instrument is issued with a coupon rate of 0% and its interest is paid Never. 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 SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES B OPTION II . DATE OF MATURITY 15/09/2025.. 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 19Jul22. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 24Jun22. 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
18 Jul 2022
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Outlook
Stable
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Seniority in Repayment
None
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Security
Secured

Summary

Instrument Attributes

Value

Coupon Rate

0%

Returns

Low

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 INE027E07BY2 issued by L&t Finance Limited

The instrument name of INE027E07BY2 ISIN is L&T FINANCE LIMITED SR B OPT II NCD 15SP25 FVRS10LAC.
Never, as INE027E07BY2 bond issued by L&t Finance Limited is a Zero-coupon bond.
This INE027E07BY2 bond issued by L&t Finance Limited has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE027E07BY2 bond issued by L&t Finance Limited is 0%.
The INE027E07BY2 Debenture is issued by L&t Finance Limited, a Private Sector company.