L&T Finance Allots ₹380 Cr NCDs on Private Placement Basis

L&T Finance Ltd has announced the allotment of 380 subordinated, unsecured, redeemable, non-convertible debentures (NCDs) with a face value of ₹1 crore each, on a private placement basis. The total aggregate nominal value of this issuance is ₹380 crore. These NCDs are rated, listed, and will be redeemed on July 01, 2036, with an original tenor of 3653 days. The coupon rate is set at 8.20% per annum, with the first coupon payable on July 01, 2027, and annually thereafter. The debentures are proposed to be listed on the Negotiated Trade Reporting Platform (NTRP) under the New Debt Market of the National Stock Exchange of India Limited. No charge or security has been created over the assets for this issuance.