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L&T Finance Services is coming out with a public issue of secured redeemable non-convertible debentures (NCDs).
Tranche I issue, which opens on December 16, aggregates ₹500 crore and has an option to retain over subscription of ₹1,000 crore.
The coupon rates range from 8.25 per cent to 8.65 per cent annually, the company said, adding that the issue will close on December 30.
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