L&T Finance Allots ₹200 Cr Subordinated NCDs

L&T Finance Ltd has announced the allotment of 200 subordinated, unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) with a face value of ₹1 crore each, totaling ₹200 crore. These NCDs were issued on a private placement basis for cash and are intended to be listed on the Negotiated Trade Reporting Platform (NTRP) of the National Stock Exchange of India. The issuance is part of the company's strategy to strengthen its Tier II Capital. The NCDs have a tenor of 3653 days, with a maturity date of July 1, 2036, and carry a coupon rate of 8.20% per annum.