L&T Finance has successfully allotted 50 subordinated, unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) through private placement on December 31, 2025. The face value of each debenture is ₹1,00,00,000, aggregating to a total of ₹50,00,00,000. The debentures are proposed to be listed on the Negotiated Trade Reporting Platform (NTRP).
NCD Allotment Details
L&T Finance has allotted 50 subordinated, unsecured, rated, listed, redeemable, non-convertible debentures on December 31, 2025. The allotment was executed through private placement to an identified investor.
Key Terms of the Debentures
The face value of each NCD is ₹1,00,00,000 (Rupees One Crore Only), bringing the total aggregate value of the issuance to ₹50,00,00,000 (Rupees Fifty Crore Only).
Listing and Redemption
The debentures are proposed to be listed on the Negotiated Trade Reporting Platform (NTRP). The maturity date for the debentures is December 31, 2035, with a redemption price of ₹1,00,00,000 per NCD on the maturity date.
Coupon Rate and Schedule
The coupon rate for these NCDs is set at 7.75% p.a., with the first coupon payment due on December 31, 2026, and annually thereafter. Here’s a breakdown of the coupon payment schedule:
| Coupon Payment Date | Coupon Payout Date | Amount (in Rupees) |
| December 31, 2026 | December 31, 2026 | 7,75,000.0000 |
| December 31, 2027 | December 31, 2027 | 7,75,000.0000 |
| December 31, 2028 | January 01, 2029 | 7,75,000.0000 |
| December 31, 2029 | December 31, 2029 | 7,75,000.0000 |
| December 31, 2030 | December 31, 2030 | 7,75,000.0000 |
| December 31, 2031 | December 31, 2031 | 7,75,000.0000 |
| December 31, 2032 | December 31, 2032 | 7,75,000.0000 |
| December 31, 2033 | December 31, 2033 | 7,75,000.0000 |
| December 31, 2034 | January 01, 2035 | 7,75,000.0000 |
| December 31, 2035 | December 31, 2035 | 7,75,000.0000 |
Principal Repayment
The principal amount of ₹1,00,00,000.0000 will be repaid on December 31, 2035.
Default Clause
In the event of a default in coupon rate and/or principal redemption payments, an additional interest of 2% p.a. over the coupon rate will be applicable for the defaulting period.
Source: BSE
