India New Issue-L&T Finance to issue dual-tranche bonds, bankers say

L&T Finance

06/07/2026 05:21

MUMBAI, July 6 (Reuters) - India's L&T Finance LTFL.NS plans to raise 10 billion rupees ($104.99 million) through the reissue of 7.7942% June 2031 bond and a fresh issue of 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, the bankers added. 
The company has invited bids for both the issues later 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 
Jun 2031 reissue
5 years
7.98 (yield)
5
July 6
L&T Finance 
3 years and 3 months
7.85
5
July 6
Tata Capital
Jun 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 = 95.2500 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
 ((Dharamraj.dhutia@tr.com))