L&T Finance Limited NCD
Non-Convertible Debenture issue — coupon, rating, dates and full review
Coupon Rate
8.65%
Rating
CRISIL AAA/Stable
Face Value
₹1,000
Issue Size
₹1,500 Cr
Open Date
09 Dec 2024
Close Date
23 Dec 2024
Status
closed
About this NCD
L&T Finance Limited has launched a Non-Convertible Debenture (NCD) issue at a coupon rate of 8.65% with a CRISIL AAA/Stable credit rating. The issue opens on 09 Dec 2024 and closes on 23 Dec 2024. NCDs are fixed-income debt instruments that cannot be converted into equity shares — they offer regular interest payments and return of principal at maturity. Suitable for income-seeking investors looking for higher yields than bank fixed deposits while accepting the credit risk of the issuer.
Frequently Asked Questions
What is the L&T Finance Limited NCD coupon rate?
The coupon rate is 8.65% per annum.
What is the credit rating?
The NCD carries a CRISIL AAA/Stable rating, indicating the issuer's credit quality.
When does the issue open and close?
The subscription window opens on 09 Dec 2024 and closes on 23 Dec 2024, subject to early closure if fully subscribed.
What is the difference between an NCD and an IPO?
An IPO offers equity shares (ownership). An NCD is a debt instrument — investors lend money to the company and receive fixed interest, with no equity participation.
Are NCD returns guaranteed?
NCDs offer contractual interest payments, but they are not guaranteed by the government. Returns depend on the issuer's ability to honour interest and principal obligations — credit rating gives a proxy for this risk.
Other Recent NCDs
| Company | Coupon | Rating | Status |
|---|---|---|---|
| Indiabulls Housing Finance Limited | 10.75% | CRISIL AA/Stable | closed |
| Edelweiss Financial Services Limited | 10.5% | CRISIL AA-/Stable | closed |
| JM Financial Products Limited | 10.2% | ICRA AA/Stable | closed |
| ICL Fincorp Limited | 11.25% | ACUITE BBB/Stable | closed |
| Shriram Finance Limited | 9.2% | CRISIL AA+/Stable | closed |
| Manappuram Finance Limited | 10% | CRISIL AA/Stable | closed |
Disclaimer: This information is for educational purposes only and is not investment advice. Read the prospectus carefully, evaluate credit rating, and consult a SEBI-registered investment advisor before investing in NCDs.