L&T Finance Allots ₹800 Cr Non-Convertible Debentures

L&T Finance Limited has successfully allotted 80,000 subordinated, unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, on a private placement basis. The total nominal value of this allotment is ₹800,00,00,000 (₹800 Crore). These NCDs carry a coupon rate of 8.57% per annum and are set to mature on October 10, 2036. 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. This issuance is part of L&T Finance's strategy to raise capital through debt instruments.