Loan & Debt7 Jul 2026, 07:00 pm
L&T Finance Allots ₹1000 Cr Non-Convertible Debentures
AI Summary
L&T Finance Ltd has successfully allotted 1,00,000 senior, secured, rated, listed, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, on a private placement basis. The total nominal value of this issuance amounts to ₹1,000 Crores. The allotment was made to identified investors on July 07, 2026. The NCDs are proposed to be listed on the NTRP under the New Debt Market of the National Stock Exchange. The issuance is divided into two options, each with a base issue size of ₹500 Crores, and carries coupon rates of 7.7942% p.a. and 7.8384% p.a. respectively, with varying tenors and maturity dates.
Key Highlights
- L&T Finance raised ₹1,000 Crores through NCD private placement.
- Debentures are senior, secured, rated, listed, and redeemable.
- Two options issued with coupon rates around 7.8% p.a.
- NCDs to be listed on the National Stock Exchange's New Debt Market.
Price Impact
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