L&T Finance Ltd

📊 L&T Finance Issues ₹500 Crore NCDs at 7.79% Coupon Rate

• Issued 50,000 non-convertible debentures (NCDs) with ₹1,00,000 face value each

• Total issue size: ₹500 crores

• Coupon rate: 7.7942% per annum

• First coupon payment due June 27, 2026, then annually

• Maturity date: June 27, 2031 (1,893 day tenor)

• Secured by fixed deposits and standard receivables

• Default interest: additional 2% per annum over coupon rate

• Proposed listing on NSE's Negotiated Trade Reporting Platform