L&T Finance, the financial services arm of engineering and construction major L&T, plans to issue retail bonds, its second retail issue in less than six months.

The company plans to raise up to Rs 500 crore through a non-convertible debenture (NCD) issue which will involve retail investors, according to sources.

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JM Financial, Kotak Mahindra Bank and Citigroup are managing the issue for L&T Finance.

L&T Finance raised Rs 1,000 crore through a retail NCD issue in September last year.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15%

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