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

L&T Finance

11/07/2025 12:06

MUMBAI, July 11 (Reuters) - India's L&T Finance LTFL.NS plans to raise 10 billion rupees ($116.6 million), which includes a greenshoe option of 5 billion rupees, through a sale of bonds maturing in two years, two merchant bankers said on Friday.

The company will pay an annual coupon of 7.12% and has invited bids from bankers and investors on Monday, they said.

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

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

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
L&T Finance
2 years
7.12
5+5
July 14
AAA (India Ratings, Crisil)
Tata Capital
2 years and 2 months
To be decided
10+5
July 14
AAA (Icra, Crisil)

*Size includes base plus greenshoe for some issues

($1 = 85.7490 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)

 ((Dharamraj.dhutia@tr.com))