L&T Plans ₹500 Crore Tokenised Bond Issue at 7.40% Coupon
Larsen & Toubro plans to raise ₹500 crore by selling three-year tokenised bonds, a first for a private-sector company. The bonds carry an annual coupon of 7.40% and bids were invited for Wednesday. The issuance and settlement are recorded digitally, using India’s central bank digital currency, with same-day settlement for investors holding active CBDC wallets.