L&T Finance has successfully allotted 1,50,000 senior, secured, rated, listed, redeemable, non-convertible debentures on a private placement basis. The total value of this allotment is ₹1,500 crore, with each debenture having a face value of ₹1,00,000. The allotment took place on June 15, 2026, and the debentures are set to mature on June 29, 2029. This issuance is in compliance with relevant SEBI regulations.
Secured Debenture Allotment
L&T Finance Limited has announced the allotment of 1,50,000 senior, secured, rated, listed, redeemable, non-convertible debentures. This issuance was conducted on a private placement basis, with the allotment date being June 15, 2026. Each debenture carries a face value of ₹1,00,000, totaling an aggregate amount of ₹1,500,00,00,000 (Rupees One Thousand Five Hundred Crores Only).
Debenture Terms and Conditions
The debentures have an original tenor of 1110 days and are scheduled for maturity on June 29, 2029. The coupon rate is set at 8.12% per annum, with the first coupon payment due on July 10, 2026, and subsequent payments on an annual basis thereafter. The debentures are secured by an exclusive and first-ranking charge via hypothecation over identified fixed deposits and standard receivables of the Issuer.
Listing and Further Details
These non-convertible debentures (NCDs) 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. In case of default on interest or principal payments, an additional interest of 2% per annum over the coupon rate will be payable by the Company for the defaulting period. The NCDs will be redeemed at a price of ₹1,00,000 per NCD on the maturity date.
Source: BSE
