India New Issue-L&T Finance accepts bids for multiple tenor bonds, bankers say

L&T Finance

11/04/2025 10:45

MUMBAI, April 11 (Reuters) - India's L&T Finance LTFL.NS has accepted bids worth an aggregate of 10 billion rupees ($116.2 million) for multiple tenor bonds, three bankers said on Friday.

The company will reissue 7.7989% March 2030 bonds at a yield of 7.5904%, and will sell fresh three-year and two-month bonds at a coupon of 7.5934%, they said.

L&T Finance did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on April 11:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
L&T Finance
3 years and 2 months
7.5934
5
April 11
AAA (India Ratings, Icra)
L&T Finance March 2030 reissue
5 years
7.5904 (yield)
5
April 11
AAA (Care, Icra)
Power Grid Corp
10 years
6.94
60
April 11
AAA (Crisil, Care, Icra)
Toyota Financial Services
3 years and 2 months
To be decided
5
April 15
AAA (Icra)

*Size includes base plus greenshoe for some issues

($1 = 86.0675 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Varun H K)

((Dharamraj.dhutia@tr.com))