InvestorQ : Is L&T Finance bond a good buy?
Niharika Kamble made post

Is L&T Finance bond a good buy?

Isha Tharwani answered.
3 years ago

L&T finance aimed to raise Rs 1,500 crore through its bond. Triple-A rating of the bonds from ICRA and CARE which gives a high credit-worthiness to the bond. It has 10-years of maturity for retail investors. Moreover, L&T is a professionally managed company with any family hierarchy involved. In the current scenario, when banks are offering low-interest rates L&T finance offers 9.35% per annum which is a good deal for an investor. Due to all these reasons, the L&T finance Bonds sale has got oversubscribed by 3.6 times which clearly shows investor’s interest for the L&T Bonds.

The bond is likely to close on Thursday, 07 March 2019. This is the first tranche and looking at the overwhelming response from the investor company will bring a second tranche in April 2019.