LFL&T Finance533519NCD issuance

Allotment of 1,50,000 Non-Convertible Debentures on private placement basis

L&T Finance allotted 1,50,000 senior, secured, listed, redeemable NCDs of Rs. 1,00,000 face value on a private placement basis, for an aggregate nominal value of Rs. 1500,00,00,000.

By ScoutQuest · Wed 21 Oct 2026, 6:48 PM IST · 2 min read

NCDs Allotted

1,50,000 senior, secured, listed, redeemable NCDs of Rs. 1,00,000 face value

Aggregate Nominal Value

Rs. 1500,00,00,000

Coupon and Maturity

Coupon 7.8384% p.a.; maturity September 28, 2029

What was allotted

• L&T Finance Ltd allotted 1,50,000 senior, secured, rated, listed, redeemable, non-convertible debentures (NCDs) on a private placement basis to identified investors on October 21, 2026.
• Face value of each NCD is Rs. 1,00,000 (Indian Rupees One Lakh only), and the aggregate nominal value allotted is Rs. 1500,00,00,000 (Rupees One Thousand Five Hundred Crores Only).
• The allotment was in dematerialised form, for cash.

Terms at a glance

• Coupon rate: 7.8384% p.a.; the next coupon is payable on September 28, 2027 and annually thereafter.
• Coupon amount per NCD is shown as ₹ 7,838.4000 on each of the three coupon payment dates.
• Original tenor 1179 days; residual tenor 1073 days.
• Date of allotment October 21, 2026; date of maturity/redemption September 28, 2029.
• Redemption at Rs. 1,00,000 per NCD on the date of maturity.
• Special rights, interests or privileges attached to the instrument: Nil.

Size and oversubscription option

• Base issue size is Rs. 1500,00,00,000, with an option to retain oversubscription of up to 50,000 NCDs of face value Rs. 1,00,000 each.
• There is a green shoe option of up to Rs. 500 crore, collectively aggregating up to Rs. 2000,00,00,000 (Rupees Two Thousand Crores Only).

Security and default terms

• The debentures are secured by an exclusive and first ranking charge, by way of hypothecation, over identified fixed deposits of the issuer and/or identified standard receivables, to the extent that the principal amount of such hypothecated assets is equivalent to 1 time the principal amount and coupon outstanding.
• If coupon or principal payment is delayed beyond three months from the due date, additional interest of 2% p.a. over the coupon rate is payable for the defaulting period.
• The debentures 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.

How a retail investor can read this

• This is a borrowing by the company from identified investors, not a fresh issue of equity shares, so it does not change the share count.
• The company has raised long-term money at a fixed cost of 7.8384% p.a. for roughly three years, against security cover created on specified fixed deposits and/or receivables.
• The coupon, tenor, redemption value and security terms tell you what the lender is being paid and what stands behind the paper; the amounts show the scale of the borrowing relative to the base issue.

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