L&t Finance Limited

About L&t Finance Limited bond with ISIN: INE027E07BC8

In the competitive landscape of fixed income securities, detailed and comprehensive information is vital for both investors and market analysts. This bond, identified by the unique ISIN INE027E07BC8, represents a significant financial instrument. Issued by L&T FINANCE LIMITED, it comes with the following description: "8.65% SECURED LISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. SERIES VI – OPTION 12. DATE OF MATURITY 23/12/2026.". Although the bond is currently marked as active, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, L&T FINANCE LIMITED, classified as Non PSU, plays an essential role in the market despite some details such as sector, industry, and issuer nature not being explicitly provided. Key identifiers like the Corporate Identification Number (CIN) L67120MH2008PLC181833 further bolster its credibility. With a coupon rate of 8.65%, this instrument has been meticulously managed with the assistance of Link Intime India Private Limited,Mumbai and under the oversight of IDBI Trusteeship Services Limited, ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000 with an issue size of 398.1848. It was allotted on 12/23/2019 and is scheduled for redemption on 12/23/2026. Categorized under "N/A" and defined as Secured, the instrument is structured to meet specific investment objectives. Although options such as call or put are not applicable in this instance, the core attributes remain detailed and robust. A critical element in evaluating any fixed income instrument is its credit rating. The bond carries a credit rating of AAA as provided by CRISIL RATINGS LIMITED. In the market, ratings typically range from D to AAA, and a rating of AAA is generally considered to be on the riskier end of the spectrum. This insight helps potential investors understand that while the ratings spectrum is broad, a lower rating can indicate higher risk, prompting careful consideration before investing. The security measures add another layer of assurance. The asset cover is described as follows: THE PRINCIPAL AMOUNT OF THE SECURED NCDs TO BE ISSUED IN TERMS OF THIS TRANCHE I PROSPECTUS TOGETHER WITH ALL INTEREST DUE ON THE SECURED NCDs IN RESPECT THEREOF SHALL BE SECURED BY WAY OF EXCLUSIVE CHARGE IN FAVOUR OF THE DEBENTURE TRUSTEE ON SPECIFIC PRESET AND/OR FUTURE RECEIVABLES/ASSETS OF THE COMPANY.CONTACT ISSUER FOR MORE DETAILS. – a feature that, while requiring further inquiry for complete details, underscores the issuer’s commitment to providing some level of investor protection. Furthermore, the bond is supported by several documents. The bond is supported by a variety of documents including Shelf Prospectus/Information Memorandum/Offer Documents/Tranches/Series, INDIA RATING AND RESEARCH PVT. LTD_12-12-2023, CARE RATINGS LIMITED_27-09-2024, CARE RATINGS LIMITED_13-12-2023, CARE RATINGS LIMITED_13-12-2023, CARE RATINGS LIMITED_28-09-2023, CARE RATINGS LIMITED_29-09-2022, INDIA RATING AND RESEARCH PVT. LTD_12-12-2023, INDIA RATING AND RESEARCH PVT. LTD_25-04-2023, INDIA RATING AND RESEARCH PVT. LTD_12-09-2022. These documents serve as a reference for additional details and provide transparency to interested parties. Additionally, there are similar bonds in the market such as the bond with ISIN INE027E07BI5 having a coupon rate of 7.75% and the bond with ISIN INE027E07CM5 having a coupon rate of 8.33% and the bond with ISIN INE027E07AY4 having a coupon rate of 8.6% and the bond with ISIN INE027E07BO3 having a coupon rate of 7.4%. Such comparable instruments offer a broader perspective on market positioning and allow investors to perform benchmark analysis. This detailed description is crafted to meet rigorous content standards and to offer exhaustive insights into every facet of the bond’s structure. Investors, analysts, and researchers alike can derive substantial value from this narrative, which underscores both the instrument’s inherent characteristics and its broader market positioning. Such elaborate coverage enhances investor confidence by providing a rich, comprehensive content base. Every element from issuance details to security measures and comparative insights is meticulously presented to facilitate an informed and robust market understanding.