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Published on 4/20/2020 in the Prospect News Emerging Markets Daily.

New Issue: India’s Larsen & Toubro allots Rs. 12.5 billion debentures due 2023

By Sarah Lizee

Olympia, Wash., April 20 – Larsen & Toubro Ltd. informed the Bombay Stock Exchange that allotted Rs. 12.5 billion 7.2% redeemable nonconvertible debentures due April 20, 2023, according to a notice.

The debentures will be listed on the National Stock Exchange of India Ltd.

Mumbai, India-based Larsen & Toubro is an industrial engineering and construction company.

Issuer:Larsen & Toubro
Issue:Redeemable nonconvertible debentures
Amount:Rs. 12.5 billion
Maturity:April 20, 2023
Coupon:7.2%
Allotment date:April 20

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