India New Issue-L&T Finance to reissue June 2027 bonds, bankers say

L&T Finance

16/06/2025 05:18

MUMBAI, June 16 (Reuters) - India's L&T Finance LTFL.NS plans to raise 10 billion rupees ($116.1 million), which includes a greenshoe option of 8 billion rupees, through the reissue of 8.24% June 2027 bonds, two merchant bankers said on Monday.

The company has invited bids from bankers and investors on Tuesday, 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 16:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
L&T Finance
June 2027 reissue
2 years
To be decided
2+8
June 17
AAA (India Ratings, Icra)

*Size includes base plus greenshoe for some issues

($1 = 86.1675 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

 ((Dharamraj.dhutia@tr.com))