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

L&T Finance

23/05/2025 05:38

MUMBAI, May 23 (Reuters) - India's L&T Finance LTFL.NS plans to raise 15 billion rupees ($174.75 million), which includes a greenshoe option of 5 billion rupees through sale of bonds maturing in two year and one month and reissue of 7.59% June 2028 bonds, three bankers said on Friday.

The company has invited bids from bankers and investors on Monday, 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 23:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
L&T Finance
2 year and 1 month
7.21
5+2.50
May 26
AAA (India Ratings, Icra)
L&T Finance 
June 2028 reissue
3 year and 1 month
To be decided
5+2.50
May 26
AAA (India Ratings, Icra)
Aditya Birla Capital
2 years and 9 months
7.38
5+7.50
May 23
AAA(Crisil)
Aditya Birla Capital
4 years and 6 months
7.47
2+6
May 23
AAA(Crisil)
Aditya Birla Capital 
Dec 2027 reissue
2 years and 7 months
To be decided
2+5.50
May 23
AAA (Crisil)
Aditya Birla Capital
Feb 2030 reissue
4 years and 9 months
To be decided
2+5
May 23
AAA (Crisil)
HDB Financial Services
3 years
To be decided
15
May 23
AAA (Crisil, Care)
HDB Financial Services
5 years
To be decided
1
May 23
AAA (Crisil, Care)

*Size includes base plus greenshoe for some issues

($1 = 85.8350 Indian rupees)

 (Reporting by Dharamraj Dhutia;Editing by Nivedita Bhattacharjee)

 ((Dharamraj.dhutia@tr.com))