Please find enclosed intimation for allotment of 1,50,000 senior, secured, rated, listed, redeemable, non-convertible debentures on private placement basis.
Awaiting price reaction for this filing.
L&T Finance Limited (formerly L&T Finance Holdings, BSE scrip code 533519) has allotted 1,50,000 senior, secured, rated, listed, redeemable non-convertible debentures (NCDs) on a private placement basis on May 27, 2025. The NCDs, with a face value of Rs. 1 lakh each, aggregate to Rs. 1,500 crore, split equally into two tranches of Rs. 750 crore each. Option I carries a coupon of 7.2092% p.a. for a 763-day tenor maturing June 29, 2027, while Option II offers 7.5934% p.a. for a 1,171-day tenor maturing June 29, 2028. The NCDs are secured by a first-ranking charge on identified fixed deposits and standard receivables of the issuer, and will be listed on the NSE's New Debt Market (NTRP).
The Rs. 1,500 crore raise strengthens L&T Finance's funding base at competitive rates (~7.2-7.6%), with no dilution to equity shareholders. For retail investors, this is primarily relevant as a signal of the company's borrowing capacity and cost of funds rather than a direct investment opportunity.