L&T Finance allots INR 400 crore in debentures

L&T Finance announced the allotment of 40,000 Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures, each with a face value of INR 1,00,000, totaling INR 400 Crore, on June 18, 2025. The debentures, issued via private placement to identified investors, have a coupon rate of 8.24% p.a. payable annually. They will be listed on the National Stock Exchange of India Limited's NTRP under New Debt Market and are set to mature on June 16, 2027. The debentures are secured by a first ranking charge by way of hypothecation over identified fixed deposits and standard receivables of the Issuer. In case of default in payments, an additional interest of @ 2% p.a will be applicable to the coupon rate during the period of default.