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Instrument Details

ISIN: INE523E08NI6

Face value

₹10,00,000

Coupon rate

10.35%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Debenture

Returns

High

Date of Issue

27 Mar 2014

Maturity Date

27 Mar 2024

Perpetual

Yes

Listing Status

Unlisted

Rating status

AAA (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

L&T FINANCE LIMITED SR-I 10.35 NCD 27MR24 FVRS10LAC
L&t Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE523E08NI6, with a face value of ₹10,00,000 rs on 27Mar14 to raise 50 crores. The debt instrument is issued with a coupon rate of 10.35% 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 10.35% UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATED BONDS ELIGIBLE FOR TIER II CAPITAL IN THE NATURE OF DEBENTURES. SERIES "I" OF FY 2013-14. DATE OF MATURITY 27/03/2024. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE Ratings Limited has given AAA rating to this Debenture on 27Mar14. 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
14 Dec 2023
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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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
27-Mar-14 : Your investment
₹1,03,50,000
27-Mar-15 : Interest
₹1,03,50,000
27-Mar-16 : Interest
₹1,03,50,000
27-Mar-17 : Interest
₹1,03,50,000
27-Mar-18 : Interest
₹1,03,50,000
27-Mar-19 : Interest
₹1,03,50,000
27-Mar-20 : Interest
₹1,03,50,000
27-Mar-21 : Interest
₹1,03,50,000
27-Mar-22 : Interest
₹1,03,50,000
27-Mar-23 : Interest
₹1,03,50,000
27-Mar-24 : Interest
₹20,35,00,000
27-Mar-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹10,35,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

10.35%

Returns

High

Bond Rating

AAA

Seniority in Repayment

Subordinate Tier 2

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 INE523E08NI6 issued by L&t Finance Limited

The instrument name of INE523E08NI6 ISIN is L&T FINANCE LIMITED SR-I 10.35 NCD 27MR24 FVRS10LAC.
The interest earned from INE523E08NI6 bond issued by L&t Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE523E08NI6 bond issued by L&t Finance Limited has been assigned a credit rating of AAA by CARE Ratings Limited, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 10.35%, which determines the periodic interest payments made to bondholders.
The INE523E08NI6 Debenture is issued by L&t Finance Limited, a Private Sector company.
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