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    India New Issue-L&T Finance accepts bids for two-year bonds, bankers say

    Picture of L&T Finance logoL&T Finance
    14/07/2025 09:59
    MUMBAI, July 14 (Reuters) - India's L&T Finance LTFL.NS accepted bids worth 10 billion rupees ($116.31 million) for bonds maturing in two years, three merchant bankers said on Monday.

The company will pay an annual coupon of 7.12% and invited bids from bankers and investors earlier in the day, the bankers said.

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

 Here is the list of deals reported so far on July 14:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    L&T Finance2 years7.1210July 14AAA (India Ratings, Crisil)
    Poonawalla Fincorp2 years and 2 months7.52857.8July 14AAA (Crisil)
    

* Size includes base plus greenshoe for some issues

($1 = 85.9750 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra)

 ((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))

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