India’s L&T Finance plans Rs. 2 billion of secured redeemable notes

By Susanna Moon

Chicago, April 16 – L&T Finance Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 2 billion secured redeemable nonconvertible debentures in a private placement.

The issue will include an over-allotment option for Rs. 2 billion of debentures, for a potential total deal size of Rs. 4 billion.

The issuer is a Mumbai-based finance company and a subsidiary of Larsen & Toubro Ltd.

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