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    LTF — L&T Finance News Story

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

    Picture of L&T Finance logoL&T Finance
    08/10/2025 12:28
    MUMBAI, Oct 8 (Reuters) - India's L&T Finance plans to raise up to 11 billion rupees ($123.97 million), including a greenshoe option of 5.5 billion rupees, through the sale of bonds maturing in three years and one month, three bankers said on Wednesday.

It will pay a coupon of 7.2190% and has invited commitment bids for the issue on Thursday, they said.

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

 Here is the list of deals reported so far on October 8:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    L&T Finance3 years and 1 month7.21905.5+5.5October 9AAA (Crisil)
    Adani Enterprises2 year and 6 months8.70 (semi-annual)10October 7AA- (Icra)
    

*Size includes base plus greenshoe for some issues

($1 = 88.7340 Indian rupees)

 (Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Ronojoy Mazumdar)

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

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