India New Issue-L&T Finance to reissue 5-year bonds, bankers say

ICRA

18/08/2026 08:26

MUMBAI, Aug 18 (Reuters) - India's L&T Finance LTFL.NS plans to raise up to 9 billion rupees ($94.07 million), including a greenshoe option of 7.5 billion rupees, through the reissue of 7.7942% August 2031 bonds, three bankers said on Tuesday. 
It has invited coupon and commitment bids for the issue on Wednesday, they said. 
The company did not immediately respond to a Reuters email seeking comment. 

 
 Here is the list of deals reported so far on August 18: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
L&T Finance 2031 Reissue
5 years
To be decided
1.5+7.5
August 19
AAA (Crisil,Care)
IndiGrid InvIT
5 years
7.44
3.5
August 19
AAA(Crisil, Icra)
IndiGrid InvIT 
10 years
7.44
7.5
August 19
AAA(Crisil, Icra)
Tata Capital Housing Finance
5 years
7.83
10+10
August 19
AAA (Crisil, Icra)
Bajaj Housing Finance
5 years
To be decided
7.5+12.5
August 19
AAA (Crisil, India Ratings)
Bajaj Finance
April 2036 reissue
9 years and 8 months
7.97 (yield)
5
August 17
AAA (Crisil)
     
     * Size includes base plus greenshoe for some issues
     



($1 = 95.6725 Indian rupees)

 (Reporting by Khushi Malhotra and Dharamraj Dhutia)
 ((Khushi.malhotra@tr.com, Dharamraj.dhutia@tr.com))