Fixed Alpha
A-

What do these ratings mean?

Credit ratings assigned by SEBI-registered agencies such as CRISIL, ICRA and CARE.

Sovereign BondsSOVEREIGN
These securities are the safest investments, backed by governments with a strong ability to meet financial obligations.
Highest SafetyAAA
Securities with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such securities carry lowest credit risk.
High SafetyAA+AAAA-
Securities with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such securities carry very low credit risk.
Adequate SafetyA+AA-
Securities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such securities carry low credit risk.
Moderate SafetyBBB+BBBBBB-
Securities with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such securities carry moderate credit risk.
Moderate RiskBB+BBBB-
Securities with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
Moderate High RiskB+BB-
Securities with this rating are considered to have high risk of default regarding timely servicing of financial obligations.
Very High RiskCCC+CCCCCC-CC+CCCC-C+CC-
Securities with this rating are considered to have very high risk of default regarding timely servicing of financial obligations.
DefaultD
Securities with this rating are in default or are expected to be in default soon.

Lucina Land Development Limited

INE0JZO07040· Listed on BSE

13.52%

Yield

Tenure

2Y 4M 15D

Maturity Date

30 Jan 2029

Coupon Frequency

Monthly

Face Value

₹1,00,000

Nature

Secured

Coupon Rate

13.00%

About the Issuer

Lucina Land Development Limited (LLDL), set up in 2006, is a wholly owned subsidiary of Embassy Developments Limited (EDL), engaged in the development of real estate projects and other related ancillary activities. The company is currently developing the Indiabulls Greens and Park township in Panvel, a location that benefits from its proximity to JNPT, the upcoming Navi Mumbai International Airport, and the Mumbai-Pune Expressway and National Highway. EDL, part of the Embassy Group, is one of the leading business conglomerates in the country with interests spanning real estate, infrastructure, and construction leasing, among other sectors, and has a presence across major Indian cities including Bangalore, Mumbai, Chennai, NCR, and Indore.

Rating Rationale

Coupon ladder

Payment schedule of interest and principal

Jan '26Coupon

₹926

Feb '26Coupon

₹997

Mar '26Coupon

₹1,104

Apr '26Coupon

₹1,068

May '26Coupon

₹1,104

Jun '26Coupon

₹1,068

Jul '26Coupon

₹1,104

Aug '26Coupon

₹1,104

Sep '26Coupon

₹1,068

Oct '26Coupon

₹1,104

Nov '26Coupon

₹1,068

Dec '26Coupon

₹1,104

Jan '27Coupon

₹1,104

Feb '27Coupon

₹997

Mar '27Coupon

₹1,104

Apr '27Coupon + Principal

₹9,066

May '27Coupon

₹1,013

Jun '27Coupon + Principal

₹8,980

Jul '27Coupon

₹925

Aug '27Coupon

₹925

Sep '27Coupon

₹895

Oct '27Coupon + Principal

₹8,922

Nov '27Coupon

₹810

Dec '27Coupon

₹837

Jan '28Coupon + Principal

₹8,835

Feb '28Coupon

₹700

Mar '28Coupon

₹749

Apr '28Coupon + Principal

₹17,727

May '28Coupon

₹563

Jun '28Coupon

₹545

Jul '28Coupon + Principal

₹17,557

Aug '28Coupon

₹375

Sep '28Coupon

₹363

Oct '28Coupon + Principal

₹17,369

Nov '28Coupon

₹182

Dec '28Coupon

₹188

Jan '29Coupon + Principal

₹17,182

Bond Trading History

Trading history isn’t available for this instrument yet.

Data as of 16-Sep-2026

How to invest in this bond

Lucina Land Development Limited

Login to your existing Equity broker (Eg. Zerodha, ICICI Direct) and purchase bonds from BSE/NSE just like equity using the following steps:

  1. Search for this specific bond. Copy its ISIN and enter in the Search bar of your broker app.INE0JZO07040If that does not work, try its BSE scrip code:BSE977440
  2. Enter the quantity required.
  3. Enter following Price:₹99,839.47This is the Price at which you will earn Fixed Returns (Yield) of 13.52% if you hold the bond till maturity. If you enter a different price, then your returns will differ.
  4. Fund your wallet and place the order.
  5. Once the transaction is successful, bonds will get credited to your demat account next day (T+1) like equities.
  6. Interest and Principal will get directly deposited to your bank account linked with your Demat.