Loan & Debt21 Oct 2026, 06:50 pm
L&T Finance Allots ₹1500 Cr Non-Convertible Debentures
AI Summary
L&T Finance Ltd has successfully allotted 1,50,000 Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹1500 Crores (₹15,00,00,00,000). These senior, secured, rated, listed, and redeemable debentures were issued on a private placement basis on October 21, 2026, with a maturity date of September 28, 2029. The coupon rate is set at 7.8384% per annum. The debentures are secured by a first-ranking charge on identified fixed deposits and/or standard receivables. The company also has an option to retain oversubscription up to ₹500 Crores, potentially increasing the total issuance to ₹2000 Crores. These NCDs are proposed to be listed on the NTRP under NSE's New Debt Market.
Key Highlights
- L&T Finance raised ₹1500 Crores via NCD private placement.
- Debentures carry a coupon rate of 7.8384% p.a.
- Maturity date is September 28, 2029.
- NCDs are secured by fixed deposits and receivables.
- Potential for oversubscription up to ₹2000 Crores.
Price Impact
More from LTF