India New Issue-L&T Finance to issue nearly 3-year bonds, bankers say

L&T Finance

11/08/2025 07:20

MUMBAI, Aug 11 (Reuters) - India's L&T Finance plans to raise 10 billion rupees ($114.23 million), including a greenshoe option of 7.5 billion rupees, through the sale of bonds maturing in two years and seven months, three bankers said on Monday.

It has invited coupon and commitment bids for the issue on Tuesday, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on August 11:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
L&T Finance
2 years and 7 months
To be decided
2.5+7.5
August 12
AAA (Crisil)
Torrent Investments
3 years
7.90
7.50
August 18
AA+ (Crisil)
Torrent Investments
4 years
7.96
7.50
August 18
AA+ (Crisil)
Torrent Investments
5 years
8.03
10
August 18
AA+ (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 87.5400 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra)

((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))