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

L&T Finance

08/10/2026 11:40

MUMBAI, Oct 8 (Reuters) - India's L&T Finance LTFL.NS plans to raise 15 billion rupees through sale of subordinated bonds maturing n 10 years, three bankers said on Thursday. 
The company will pay an annual coupon of 8.57% on this issue and has invited bids on Friday, 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: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
L&T Finance
10 years
8.57
5+10
October 9
AAA (Crisil, Care)
Piramal Finance
3 years and 1 month
8.62
5.25
October 7
AA+ (Crisil)
     
*Size includes base plus greenshoe for some issues


 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
 ((Dharamraj.dhutia@tr.com))