Loan & Debt15 Jun 2026, 07:10 pm
L&T Finance Allots ₹1,500 Cr Non-Convertible Debentures
AI Summary
L&T Finance Ltd has successfully allotted 1,50,000 Non-Convertible Debentures (NCDs) worth ₹1,500 Crores on a private placement basis. These are senior, secured, rated, listed, and redeemable NCDs with a face value of ₹1,00,000 each. The allotment took place on June 15, 2026, with a maturity date of June 29, 2029. The NCDs carry a coupon rate of 8.12% per annum. The issuance is secured by a first-ranking charge on identified fixed deposits and/or standard receivables of the issuer. The debentures are proposed to be listed on the National Stock Exchange of India Limited's NTRP.
Key Highlights
- L&T Finance allotted ₹1,500 Cr in NCDs via private placement.
- NCDs are senior, secured, rated, listed, and redeemable.
- Coupon rate stands at 8.12% per annum.
- Maturity date set for June 29, 2029.
- Secured by charge on fixed deposits and receivables.
Price Impact
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