India New Issue-L&T Finance plans to reissue near 3-year bonds, bankers say

L&T Finance

16/10/2026 08:24

MUMBAI, Oct 16 (Reuters) - India's L&T Finance LTFL.NS plans to raise up to 20 billion rupees ($210.49 million), including a greenshoe option of 5 billion rupees, through the reissue of 7.8384% September 2029 bonds, three bankers said on Friday. 
It has invited coupon and commitment bids for the issue on Monday, they said. 
The company did not immediately respond to a Reuters email seeking comment. 

Here is the list of deals reported so far on October 16: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
L&T Finance 7.8384% 2029 reissue
3 years
To be decided
15+5
October 19
AAA(Crisil, CareEdge)
NABARD
3 years, 2 months and 23 days
8.13
32.79
October 16
AAA (Icra, India Ratings)

   * Size includes base plus greenshoe for some issues

   ($1 = 95.0175 Indian rupees)

 (Reporting by Khushi Malhotra and Dharamraj Dhutia)
 ((Khushi.malhotra@tr.com, Dharamraj.dhutia@tr.com))