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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 zero-coupon bonds, bankers say

    Picture of L&T Finance logoL&T Finance
    24/06/2025 04:27
    MUMBAI, June 24 (Reuters) - India's L&T Finance LTFL.NS plans to raise 5 billion rupees ($58.05 million), which includes a greenshoe option of 3.50 billion rupees, through sale of zero-coupon bonds maturing in three years and three months, 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 24:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    L&T Finance3 year and 3 months7.20 (yield)1.50+3.50June 25AAA (India Ratings, Crisil
    

*Size includes base plus greenshoe for some issues

($1 = 86.1310 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

 ((Dharamraj.dhutia@tr.com))

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