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L&T Finance raises INR 5 billion through bond issue at 7.79% coupon

#Taxation & Finance News#India
Last Updated : 24th Apr, 2026
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Synopsis

L&T Finance has secured INR 5 billion through a bond issue with a tenure of five years and two months, attracting investor interest amid stable credit conditions. The company offered a coupon of 7.7942% and received bids recently after opening the issue for subscription. The bonds carry a top-tier AAA rating from Crisil and Care, indicating strong creditworthiness. The fundraising comes at a time when non-banking financial companies are actively tapping debt markets to manage liquidity and support lending growth, reflecting continued confidence from institutional investors.

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L&T Finance has accepted bids worth INR 5 billion for bonds with a maturity period of five years and two months, according to information shared by bankers. The company offered an annual coupon of 7.7942% for the issue, which drew investor participation after bids were invited in the past week.


The bond issue was structured with a base size along with a greenshoe option, a common practice that allows issuers to retain additional subscriptions in case of strong demand. The total accepted amount reflects investor appetite for highly rated corporate debt instruments.

The bonds have been assigned a AAA rating by Crisil and Care, indicating a high degree of safety regarding timely servicing of financial obligations. Such ratings typically help companies secure funds at relatively competitive rates compared to lower-rated issuers.

L&T Finance, part of the Larsen & Toubro group, has been an active participant in the debt market over the years, using bond issuances as a key funding route. Non-banking financial companies (NBFCs) like L&T Finance often rely on such instruments to diversify funding sources beyond traditional bank borrowings.

The company did not respond to queries seeking additional details on the transaction. Meanwhile, similar issuances in the recent past have shown steady demand from institutional investors, including mutual funds and insurance companies, especially for highly rated papers.

Source Reuters
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