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

L&T Finance

10/06/2025 05:38

MUMBAI, June 10 (Reuters) - India's L&T Finance LTFL.NS plans to raise 18 billion rupees ($210.43 million), which includes 15 billion rupees of a greenshoe option, through sale three-year bonds and reissue of 7.2092% June 2027 bonds, two merchant bankers said on Tuesday.

The company has invited bids from bankers and investors on Wednesday, they said.

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

 Here is the list of deals reported so far on June 10:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
L&T Finance
3 years
7.23
1.50+7.50
June 11
AAA (India Ratings, Icra)
L&T Finance
June 2027 reissue
2 years
To be decided
1.50+7.50
June 11
AAA (India Ratings, Icra)

*Size includes base plus greenshoe for some issues

($1 = 85.5410 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)

 ((Dharamraj.dhutia@tr.com))