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

L&T Finance

26/05/2025 09:29

MUMBAI, May 26 (Reuters) - India's L&T Finance LTFL.NS has accepted bids worth 15 billion rupees ($176.33 million) for bonds maturing in two years and one month and reissue of 7.59% June 2028 bonds, three bankers said on Monday.

The company will pay an annual coupon of 7.2092% on the fresh issue and will offer a yield of 7.2509% on the reissue and had invited bids from bankers and investors earlier in the day, they said.

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

   Here is the list of deals reported so far on May 26:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
L&T Finance
2 year and 1 month
7.2092
7.50
May 26
AAA (India Ratings, Icra)
L&T Finance
June 2028 reissue
3 year and 1 month
7.2509 (yield)
7.50
May 26
AAA (India Ratings, Icra)
Aditya Birla Capital
2 years and 9 months
7.38
7.20
May 23
AAA(Crisil)
Aditya Birla Capital
4 years and 6 months
7.47
3.75
May 23
AAA(Crisil)
Aditya Birla Capital Feb 2030 reissue
4 years and 9 months
7.52 (yield)
6.80
May 23
AAA(Crisil)
Jio Credit
3 years
To be decided
10+5
May 27
AAA (Crisil, Care)

   * Size includes base plus greenshoe for some issues

   ($1 = 85.0700 Indian rupees)

 (Reporting by Dharamraj Dhutia)

 ((Dharamraj.dhutia@tr.com))