<p>Non-banking lender L&T Finance is raising up to Rs 1,500 crore through a bond sale, the proceeds of which will be used for on-lending and refinancing of existing debt.</p>.<p>The base size of the issue is Rs 500 crore, with an option to retain over-subscription of up to Rs 1,000 crore, the company said on Wednesday.</p>.<p>This is the first tranche, the company is offering three NCD issues with 36 months, 60 months and 84 months tenors offering coupon rate of 8.25-8.65 percent per annum.</p>.<p>Non-banking lender L&T Finance is raising up to Rs 1,500 crore through a bond sale, the proceeds of which will be used for on-lending and refinancing of existing debt.</p>.<p>The base size of the issue is Rs 500 crore, with an option to retain over-subscription of up to Rs 1,000 crore, the company said on Wednesday.</p>.<p>This is the first tranche, the company is offering three NCD issues with 36 months, 60 months and 84 months tenors offering coupon rate of 8.25-8.65 percent per annum.</p>.<p>"The proceeds from the issue will be utilized for onward lending, financing, refinancing our existing debt and for general corporate purposes," the company said.</p>.<p>The bonds, bearing a fixed rate of interest, are being offered under six different series and four categories of investors -- institutional investors, non- institutional investors, high net-worth individuals and retail individual investors.</p>.<p>The issue opens on December 16 and closes on 30 and will be listed on the BSE and NSE.</p>.<p>Lead managers to the issue are Edelweiss Financial Services, AK Capital Services, Trust Investment Advisors and JM Financial.</p>.<p>The bonds, bearing a fixed rate of interest, are being offered under six different series and four categories of investors -- institutional investors, non- institutional investors, high net-worth individuals and retail individual investors.</p>.<p>The issue opens on December 16 and closes on 30 and will be listed on the BSE and NSE.</p>.<p>Lead managers to the issue are Edelweiss Financial Services, AK Capital Services, Trust Investment Advisors and JM Financial.</p>
<p>Non-banking lender L&T Finance is raising up to Rs 1,500 crore through a bond sale, the proceeds of which will be used for on-lending and refinancing of existing debt.</p>.<p>The base size of the issue is Rs 500 crore, with an option to retain over-subscription of up to Rs 1,000 crore, the company said on Wednesday.</p>.<p>This is the first tranche, the company is offering three NCD issues with 36 months, 60 months and 84 months tenors offering coupon rate of 8.25-8.65 percent per annum.</p>.<p>Non-banking lender L&T Finance is raising up to Rs 1,500 crore through a bond sale, the proceeds of which will be used for on-lending and refinancing of existing debt.</p>.<p>The base size of the issue is Rs 500 crore, with an option to retain over-subscription of up to Rs 1,000 crore, the company said on Wednesday.</p>.<p>This is the first tranche, the company is offering three NCD issues with 36 months, 60 months and 84 months tenors offering coupon rate of 8.25-8.65 percent per annum.</p>.<p>"The proceeds from the issue will be utilized for onward lending, financing, refinancing our existing debt and for general corporate purposes," the company said.</p>.<p>The bonds, bearing a fixed rate of interest, are being offered under six different series and four categories of investors -- institutional investors, non- institutional investors, high net-worth individuals and retail individual investors.</p>.<p>The issue opens on December 16 and closes on 30 and will be listed on the BSE and NSE.</p>.<p>Lead managers to the issue are Edelweiss Financial Services, AK Capital Services, Trust Investment Advisors and JM Financial.</p>.<p>The bonds, bearing a fixed rate of interest, are being offered under six different series and four categories of investors -- institutional investors, non- institutional investors, high net-worth individuals and retail individual investors.</p>.<p>The issue opens on December 16 and closes on 30 and will be listed on the BSE and NSE.</p>.<p>Lead managers to the issue are Edelweiss Financial Services, AK Capital Services, Trust Investment Advisors and JM Financial.</p>