L&T Finance’s NCD issue to offer 9.35%
This tranche opens for subscription on March 6 and closes on March 20.
Mumbai: L&T Finance said on Thursday it will launch a non-convertible debenture (NCD) issue to raise up to Rs 1,500 crore, yielding up to 9.35 per cent per annum.
This tranche opens for subscription on March 6 and closes on March 20.
The issue size is Rs 500 crore, with a greenshoe option of Rs 1,000 crore.
These secured NCDs are rated 'AAA' by Care Ratings, ICRA and India Ratings.
The proceeds from the issue will be utilised for onward lending, refinancing the existing debt and for general corporate purposes.
The lead managers to the issue are Edelweiss Financial Services, AK Capital Services, Axis Capital, and Trust Investment Advisors.
This tranche opens for subscription on March 6 and closes on March 20.
The issue size is Rs 500 crore, with a greenshoe option of Rs 1,000 crore.
These secured NCDs are rated 'AAA' by Care Ratings, ICRA and India Ratings.
The proceeds from the issue will be utilised for onward lending, refinancing the existing debt and for general corporate purposes.
The lead managers to the issue are Edelweiss Financial Services, AK Capital Services, Axis Capital, and Trust Investment Advisors.
