L&T Infra Finance plans to issue bonds worth up to Rs 2 billion

L&T Infra Finance Company Limited plans to raise up to Rs 2 billion through the issuance of non-convertible bonds on a private placement basis. The company intends to issue secured, redeemable, non-convertible debentures (NCDs) with a face value of Rs 2.5 million each, amounting to Rs 1 billion with an option to retain oversubscription of Rs 1 billion.