L&T Finance Allots ₹500 Crore in Non-Convertible Debentures via Private Placement
L&T Finance Limited allotted 50,000 NCDs worth ₹500 crore on September 02, 2026. These senior, secured, redeemable debentures carry a coupon rate of 7.8384% p.a. and mature on September 28, 2029. The issuance was conducted via private placement and will be listed on NSE's NTRP.
The issuance of ₹500 crore in debt will strengthen the company's capital base, supporting its lending operations and growth initiatives. This is a significant amount that can impact its financial leverage and funding capacity.
The announcement details a routine debt issuance via private placement, which is a standard financial activity for the company. There are no specific positive or negative financial outcomes or business developments highlighted beyond the successful fundraising.
L&T Finance Limited has announced the allotment of 50,000 senior, secured, rated, listed, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, on a private placement basis. The total nominal value of this issuance amounts to ₹500 crore (Rupees Five Hundred Crores Only), for which cash was received from identified investors on September 02, 2026.
The debentures are proposed to be listed on the Negotiated Trade Reporting Platform (NTRP) under the New Debt Market of the National Stock Exchange of India Limited. The original tenor of these NCDs is 1179 days, with a maturity date set for September 28, 2029. The coupon rate is fixed at 7.8384% per annum, with the first coupon payment scheduled for September 28, 2026.
The company has secured these debentures with an exclusive and first-ranking charge by way of hypothecation over identified fixed deposits and/or standard receivables. In case of default in payment of coupon or principal redemption, an additional interest of 2% per annum will be payable for the defaulting period.
A plain-language summary of a public exchange filing by L&T Finance Limited. Read the original for the full detail.