India New Issue-L&T Finance accepts bids for dual-tranche bonds, bankers say

L&T Finance

06/07/2026 12:04

    MUMBAI, July 6 (Reuters) - India's L&T Finance LTFL.NS has accepted bids worth an aggregate of 10 billion rupees ($104.83 million) for the reissue of the 7.7942% June 2031 bond and a fresh issue of the three-year and three-month tenor, three bankers said on Monday.
The non-banking financial company will offer a yield of 7.98% on the reissue and a coupon of 7.85% on the fresh issue, and had invited bids for both earlier in the day. 
It did not reply to a Reuters email seeking comment. 

    
 
 Here is the list of deals reported so far on July 6: 

            Issuer
          

            Tenure
          

            Coupon (in %)
          

            Issue size (in bln rupees)*
          

            Bidding date
          

            Rating
          
L&T Finance June 2031 reissue
5 years
7.98 (yield)
5
July 6
AAA (Crisil, Care)
L&T Finance 
3 years and 3 months
7.85
5
July 6
AAA (Crisil, Care)
Jio Credit
3 years
7.78
10
July 6
AAA (Crisil, Care)

            Bajaj Housing Finance
          
3 years and 3 months
7.53
15
July 6
AAA (Crisil)

            Tata Capital June 2027 reissue
          
2 years and 11 months
7.78 (yield)
7.50+2.50
July 6
AAA (Crisil, Icra
Tata Capital 
5 years
7.88
17.50+10
July 6
AAA (Crisil, Icra

*Size includes base plus greenshoe for some issues


($1 = 95.3950 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
 ((Dharamraj.dhutia@tr.com))