L&T Infra Debt Fund to raise Rs 300 crore by issuing bonds

L&T Infra Debt Fund is an infrastructure debt fund and regulated by the RBI

L&T Infra Debt Fund on Friday said it will raise Rs 300 crore by issuing non-convertible bonds.

The company "intends to issue secured, redeemable, non-convertible bonds amounting to Rs 300 crore on private placement basis", it said in a BSE filing.

The to be issued bonds will have a face value of Rs 25 lakh each, it said.

L&T Infra Debt Fund is an infrastructure debt fund and regulated by the RBI.

The company has a share capital of Rs 304 crore ($46 million), according to the information on its website.

L&T Infra Finance holds 48.4% in the equity capital of L&T Infra Debt Fund Ltd.