L&T Finance Limited has successfully completed a private placement of non-convertible debentures, allotting 200 debentures with a face value of ₹1,00,00,000 each. This issuance totals an aggregate nominal value of ₹200,00,00,000 (₹20,000 Crore). The debentures are subordinated, unsecured, rated, listed, and redeemable, carrying an interest rate of 8.20% per annum. The funds raised will bolster the company’s capital base.
L&T Finance Allots ₹20,000 Crore in Debenture Issue
L&T Finance Limited announced today, August 13, 2026, the successful allotment of non-convertible debentures (NCDs) on a private placement basis. The company has issued 200 subordinated, unsecured, rated, listed, and redeemable NCDs, each with a face value of ₹1,00,00,000 (Rupees One Crore only). This private placement has raised an aggregate nominal value of ₹200,00,00,000 (Rupees Two Hundred Crores Only), totaling ₹20,000 crore.
Key Terms of the Debentures
These debentures are designed to be part of the company’s Tier II Capital. The original tenor of the NCDs is 3653 days, with a maturity date set for July 01, 2036. The coupon rate is fixed at 8.20% per annum, with the first coupon payment scheduled for July 01, 2027, and subsequent payments made annually thereafter. The debentures are to be listed on the Negotiated Trade Reporting Platform (NTRP) under the New Debt Market of the National Stock Exchange of India Limited.
Redemption and Security Details
The NCDs will be redeemed at their face value of ₹1,00,00,000 (Rupees One Crore Only) per NCD on the maturity date. In case of any delay in payment of interest or principal beyond three months from the due date, the company will be liable to pay additional interest at 2% per annum over the coupon rate for the defaulting period. No specific charge or security has been created over the company’s assets for this issuance.
Source: BSE
