Instrument Details

ISIN: INE759E08044

Face value

₹10,00,000

Coupon rate

9.30%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

150

Instrument Type

Bond

Returns

High

Date of Issue

23 Mar 2016

Maturity Date

23 Mar 2026

Perpetual

Yes

Listing Status

Listed

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-M 9.3 BD 23MR26 FVRS10LAC
L & T Finance Limited, a Finance company, has floated Bond, having ISIN value as INE759E08044, with a face value of ₹10,00,000 rs on 23Mar16 to raise 150 crores. The debt instrument is issued with a coupon rate of 9.30% 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 Bond is 9.30% UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATE BONDS ELIGIBLE FOR TIER II CAPITAL IN THE NATURE OF DEBENTURES. SERIES M OF FY 2015-16_SUBDEBT. DATE OF MATURITY 23/03/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 07Apr17 & on NSE stock exchange on 07Apr17. CARE Ratings Limited has given AAA rating to this Bond on 23Mar16. This issuer is formerly known as L&T FINCORP LIMITED, FAMILY CREDIT LIMITED, APEEJAY FINANCE GROUP LIMITED Neither the Principal nor the Interest is covered for this Bond. 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
23-Mar-16 : Your investment
₹93,00,000
23-Mar-17 : Interest
₹93,00,000
23-Mar-18 : Interest
₹93,00,000
23-Mar-19 : Interest
₹93,00,000
23-Mar-20 : Interest
₹93,00,000
23-Mar-21 : Interest
₹93,00,000
23-Mar-22 : Interest
₹93,00,000
23-Mar-23 : Interest
₹93,00,000
23-Mar-24 : Interest
₹93,00,000
23-Mar-25 : Interest
₹93,00,000
23-Mar-26 : Interest
₹19,30,00,000
23-Mar-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹9,30,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

9.30%

Returns

High

Bond Rating

AAA

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Finance
Head Office
HEAD OFFICE
Kolkata
Sector name
SECTOR
-
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE759E08044 issued by L & T Finance Limited

The instrument name of INE759E08044 ISIN is L&T FINANCE LIMITED SR-M 9.3 BD 23MR26 FVRS10LAC.
The interest earned from INE759E08044 bond issued by L & T Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE759E08044 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 Bond offers a coupon rate of 9.3%, which determines the periodic interest payments made to bondholders.
The INE759E08044 Bond is issued by L & T Finance Limited, a Private Sector company.