You can sell this Bond anytimeThis Bond can be sold directly, anytime before maturity, at the current price. The amount will be credited in 2 days, in your demat linked bank account.
YTM
13.30%
Tenure left
27 months
Interest payout
Monthly
Principal payout
Principal Amortizati
Yield to Maturity (YTM)YTM defines the annual return a bond offers if held to maturity. It assumes all payouts received get reinvested at the same rate until maturity.
YTM is XIRR of bonds.
Principal is returned in principal amortizati instalments
The Principal is returned in principal amortizati instalments for this Bond, so you receive a portion of your invested amount back regularly.
As principal is returned, interest is earned on the outstanding principal.
Bond details
Minimum investment₹1,01,034.91
Date of maturity30 Jan 2029
ISININE0JZO07057
Bond typeSenior
Rating
A-
What does rating mean?
Rating
The rating of an issuer company reflects its past growth and performance. The rating increases when the company consistently performs well and decreases when it is not performing well.
Categories
Low risk:
AAA, AA+, AA, AA-, A+, A, A-
Moderate risk
BBB+, BBB, BBB-, BB+, BB
High risk
BB-, B+, B, B-, C, D
The rating agency for this Bond is Infomerics Valuation and Rating Pvt. Ltd.
Calculate your returns
You invest₹00 unit
You get₹0
Interest +₹0
Payout Schedule
Maturing on 30 Jan '29 • Monthly payout
About
Lucina Land Development Limited (LLDL) is a real estate development company incorporated on July 25, 2006, and operates as a 100% wholly-owned subsidiary of Embassy Developments Limited (EDL). LLDL is engaged in the development of real estate projects and related ancillary activities. The company's portfolio includes 'Indiabulls Greens & Park' located in Panvel, Project One09 in Gurgaon, Project Embassy Eden in Bangalore, and Project Embassy Residency in Chennai. The parent company, EDL, is a holding company domiciled in India with 174 subsidiaries as of March 31, 2024, focusing on construction, property development, project management, and investment advisory.;
Pros and Cons
Pros
Cons
The NCDs are backed by an unconditional and irrevocable Corporate Guarantee from the parent company, Embassy Developments Limited, along with four other group companies, resulting in a credit-enhanced rating of IVR A- (CE)/Stable compared to an unsupported standalone rating of IVR BB+/Stable.
The group holds a substantial land bank of 3,125 acres across Maharashtra, NCR, and Chennai, including 1,688 acres of SEZ land in Nashik and Raigad, providing sufficient pipeline for development over the next 5-7 years.
The debt servicing structure is robust, featuring an escrow sweep mechanism, a Debt Service Reserve Account (DSRA) funded for one quarter of principal repayment, and an Interest Service Reserve Account (ISRA) funded for two months of interest payments.
The parent company (EDL) exhibits a strong cash flow position, with ongoing project sold receivables adequate to cover ~60% of the balance construction costs and a projected Free Cash Flow Cover of 4.53x for FY2026.
LLDL's projects are strategically located, such as the Indiabulls Greens & Park project in the rapidly expanding Panvel micro-market and Project One09 positioned in a prominent commercial corridor of NCR.
Other details
Clean price₹1,00,538.20
Dirty price₹1,01,034.91
Current yield13.30%
Security cover--
Issue size61.51Cr
Original bond tenure34 months
TrusteeIDBI Trusteeship Services Limited...
Mode of issueNCD
Listed onNSE
Listing date23 Mar 2026
Coupon rate12.95%
Other details
Clean priceThe bond's original price without earned interest on it.
Dirty priceThe total price you pay - bond price plus accrued interest.
Security coverThe value of assets pledged by the issuer as backup, shown as a multiple of the outstanding loan amount.
Issue sizeThe total amount of money the company is raising through this bond issue.
Original bond tenureThe total duration of the bond from issue date to maturity date.
TrusteeAn independent entity appointed to protect bondholders' interests and monitor the issuer.
Mode of issueHow the bond is offered to investors (e.g., public issue open to all investors).
Listed onStock exchanges where the bond can be bought and sold after issuance.
Listing dateThe date from which the bond became available for trading on the stock exchange.
Maturity dateThe date when the company repays the bond's principal amount.
Coupon rateThe fixed annual interest rate paid to investors on the bond's face value.
Current yieldThe annual interest you earn divided by the bond's current market price.
