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Instrument Details

ISIN: INE027E08079

Face value

₹10,00,000

Coupon rate

RESET RATE (REFER REMARKS)

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Debenture

Returns

Linked to Markets

Date of Issue

30 Mar 2016

Maturity Date

31 Dec 9999

Perpetual

Yes

Listing Status

Listed

Rating status

AA+ (CARE Ratings)

Call Option

Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Perpetual

Guarantee Type

Non Convertible

About this Bond

L&T FINANCE LIMITED SR-I RR NCD PERPETUAL FVRS10LAC
L&t Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE027E08079, with a face value of ₹10,00,000 rs on 30Mar16 to raise 50 crores. The debt instrument is issued with a coupon rate of RESET RATE (REFER REMARKS) 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 RESET RATE UNSECURED NON-CONVERTIBLE DEBENTURES IN THE NATURE OF SUBORDINATED PERPETUAL DEBT ELIGIBLE TO BE CLASSIFIED AS TIER I CAPITAL. SERIES I OF FY 2015-16_PERPETUAL DEBT.. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 13Apr16 & on NSE stock exchange on 13Apr16. CARE Ratings Limited has given AA+ rating to this Debenture on 30Mar16. 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
AA
High Safety
AA+
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Date Verified
14 Dec 2023
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Outlook
Stable
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Seniority in Repayment
Perpetual
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Security
Unsecured

Summary

Instrument Attributes

Value

Coupon Rate

RESET RATE (REFER REMARKS)

Returns

Linked to Markets

Bond Rating

AA+

Seniority in Repayment

Perpetual

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 INE027E08079 issued by L&t Finance Limited

The instrument name of INE027E08079 ISIN is L&T FINANCE LIMITED SR-I RR NCD PERPETUAL FVRS10LAC.
The interest earned from INE027E08079 bond issued by L&t Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE027E08079 bond issued by L&t Finance Limited has been assigned a credit rating of AA+ by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
The coupon rate of INE027E08079 bond issued by L&t Finance Limited is RESET RATE (REFER REMARKS).
The INE027E08079 Debenture is issued by L&t Finance Limited, a Private Sector company.
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