India New Issue-L&T Finance accepts bids for bond issue, bankers say

L&T Finance

12/02/2025 10:01

MUMBAI, Feb 12 (Reuters) - India's L&T Finance has accepted bids worth 3.60 billion
rupees ($41.44 million) for bonds maturing in five years and two months, three bankers said on
Wednesday.
    L&T Finance will pay an annual coupon of 7.80% on this issue and had invited commitment bids
for the same earlier in the day, they said.
    The company did not reply to a Reuters email seeking comment.
    
 
   Here is the list of deals reported so far on February 12:
                                                                                
 Issuer            Tenure           Coupon (in %)  Issue size (in  Bidding      Rating
                                                   bln rupees)*    date         
                                                                                
 L&T Finance       5 years and 2    7.80           3.60            Feb. 12      AAA (Crisil)
                   months                                                       
             LIC   3 years          7.68 (yield)   10.03           Feb. 12      AAA (Crisil,
 Housing                                                                        Care)
 Feb 2028 reissue                                                               
                                                                                
                   3 years 1 month  7.51 (yield)   45              Feb. 12      AAA (Crisil,
 NABARD            and 11 days                                                  Icra)
 Mar 2028 reissue                                                               
                                                                                
             IRFC  15 years         7.28%          30              Feb. 12      AAA (Crisil,
                                                                                Icra, Care)
                   nearly 3 years   To be decided  5.50+5          Feb. 13      Provisional
 Bamboo Hotel and                                                               A+(CE)(Icra)
 Global Centre                                                                  
                                                                                
             HDFC         10 years  To be decided             9+1  Feb. 13      AAA (Icra)
 Life Insurance                                                                 
                                                                                
 
* Size includes base plus greenshoe for some issues




($1 = 86.8700 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
 ((Dharamraj.dhutia@tr.com))