Bond L&T Financial Bonds 0% ( INE027E07BQ8 ) in INR

Issuer L&T Financial Bonds
Market price 100 %  ⇌ 
Country  India
ISIN code  INE027E07BQ8 ( in INR )
Interest rate 0%
Maturity 08/09/2023 - Bond has expired



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Minimal amount /
Total amount 300 000 000 INR
Detailed description L&T Finance Holdings offers a range of debt instruments, including bonds, providing investors with fixed-income opportunities and varying maturity options, typically rated by credit rating agencies.

A specific financial instrument, the L&T Finance Bonds' ISIN INE027E07BQ8 bond, issued in India, has recently reached its maturity date and been fully repaid to investors. L&T Finance Bonds is the bond issuing entity, typically part of L&T Finance Holdings Ltd., a prominent non-banking financial company (NBFC) in India. L&T Finance Holdings is a subsidiary of the diversified Indian conglomerate Larsen & Toubro (L&T), known for its significant presence across various sectors including infrastructure, engineering, and financial services, thereby providing a robust backing for its financial instruments as it raises capital for its lending and financing activities across retail, rural, and wholesale segments. The INE027E07BQ8 bond, denominated in Indian Rupees (INR), represented a total issue size of INR 300,000,000. Distinctively, this bond carried a 0% interest rate, suggesting it was structured either as a zero-coupon instrument, which provides returns through a discount at issuance and repayment at par, or as a non-coupon bearing bond; its current market price was recorded at 100% prior to its maturity, aligning with its upcoming par redemption. With a stipulated maturity date of September 8, 2023, the bond successfully reached the end of its term, and in line with its contractual obligations, L&T Finance Bonds fully repaid the principal amount to all bondholders, confirming its commitment to timely financial settlements, with the payment frequency being 1, implying a single principal repayment at maturity, which underscores the issuer's strong financial management and adherence to its obligations within the Indian debt market.