India New Issue-L&T Finance to issue multiple tenor bonds, bankers say

L&T Finance

09/04/2025 03:40

MUMBAI, April 9 (Reuters) - India's L&T Finance LTFL.NS plans to raise 10 billion rupees ($116 million), including a greenshoe option of 8 billion rupees, through sale of multiple tenor bonds, three bankers said on Wednesday.

L&T Finance will reissue 7.7989% March 2030 bonds and will sell fresh three-year and two-month bonds at a coupon of 7.5934%, they said.

The company did not reply to a Reuters email seeking comment.

 Here is the list of deals reported so far on April 9:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
L&T Finance
3 years and 2 months
7.5934
1+4
April 11
AAA (India Ratings, Icra)
L&T Finance
5 years
To be decided
1+4
April 11
AAA (Care, IcRA)

*Size includes base plus greenshoe for some issues

($1 = 86.2400 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

 ((Dharamraj.dhutia@tr.com))