Instrument Details

ISIN: INE691I07CM9

Face value

₹25,00,000

Coupon rate

8.75%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

High

Date of Issue

08 Feb 2016

Maturity Date

02 Jun 2026

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

L&T FINANCE LIMITED SR-AJ OPT 2 8.75 NCD 06FB26 FVRS25LAC
L&t Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE691I07CM9, with a face value of ₹25,00,000 rs on 08Feb16 to raise 100 crores. The debt instrument is issued with a coupon rate of 8.75% 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 8.75% SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES.SERIES AJ OF FY 2015-16 OPTION 2. DATE OF MATURITY 06/02/2026. 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 17Feb16. CARE Ratings Limited has given AAA rating to this Debenture on 08Feb16. 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
Senior
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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
₹25,00,000
Lot Size
100
Minimum Investment
₹25,00,00,000

Cashflow

₹25,00,00,000
08-Feb-16 : Your investment
₹2,18,75,000
08-Feb-17 : Interest
₹2,18,75,000
08-Feb-18 : Interest
₹2,18,75,000
08-Feb-19 : Interest
₹2,18,75,000
08-Feb-20 : Interest
₹2,18,75,000
08-Feb-21 : Interest
₹2,18,75,000
08-Feb-22 : Interest
₹2,18,75,000
08-Feb-23 : Interest
₹2,18,75,000
08-Feb-24 : Interest
₹2,18,75,000
08-Feb-25 : Interest
₹2,18,75,000
08-Feb-26 : Interest
₹46,87,50,000
02-Jun-26 : Maturity amount (Investment: ₹25,00,00,000, Interest earned: ₹21,87,50,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.75%

Returns

High

Bond Rating

AAA

Seniority in Repayment

Senior

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 INE691I07CM9 issued by L&t Finance Limited

The instrument name of INE691I07CM9 ISIN is L&T FINANCE LIMITED SR-AJ OPT 2 8.75 NCD 06FB26 FVRS25LAC.
The interest earned from INE691I07CM9 bond issued by L&t Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE691I07CM9 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 8.75%, which determines the periodic interest payments made to bondholders.
The INE691I07CM9 Debenture is issued by L&t Finance Limited, a Private Sector company.