Loan & Debt2 Sept 2026, 05:43 pm
L&T Finance Allots ₹500 Cr Non-Convertible Debentures
AI Summary
L&T Finance Ltd has successfully allotted 50,000 senior, secured, rated, listed, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, on a private placement basis. The aggregate nominal value of this issuance is ₹500 crore. These NCDs are secured by a first-ranking charge on identified fixed deposits and standard receivables of the issuer. 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. The maturity date for these debentures is September 28, 2029, with a coupon rate of 7.8384% per annum.
Key Highlights
- L&T Finance allotted ₹500 crore in NCDs via private placement.
- Debentures are senior, secured, rated, listed, and redeemable.
- Secured by charge on fixed deposits and receivables.
- Maturity date set for September 28, 2029.
- Coupon rate stands at 7.8384% per annum.
Price Impact
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