L&T Finance Allots ₹650 Cr Non-Convertible Debentures

L&T Finance Limited has successfully allotted 65,000 senior, secured, rated, listed, redeemable, non-convertible debentures (NCDs) with a face value of Rs. 1,00,000 each, on a private placement basis. The total nominal value of this allotment is Rs. 650 Crores. These NCDs carry a coupon rate of 7.8384% per annum and are redeemable by September 28, 2029. The debentures are secured by a first-ranking charge on identified fixed deposits and/or standard receivables of the Issuer. The issuance is in compliance with SEBI regulations and the debentures are proposed to be listed on the Negotiated Trade Reporting Platform (NTRP) of the National Stock Exchange of India Limited.