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Larsen & Toubro lists ESG bonds worth Rs 500 crore on NSE

24 Jun 2025 Evaluate

Larsen & Toubro (L&T) has listed India’s first ESG bonds on the National Stock Exchange (NSE), setting a precedent for a greener and more sustainable financial future in India. The company has raised Rs 500 crore through Non-Convertible Debentures (NCD) at a coupon rate of 6.35% under the Securities and Exchange Board of India’s (SEBI) newly introduced ESG and sustainability-linked bond framework. 

The NCDs, having a three-year maturity period, will mature on June 19, 2028, and the interest would be paid on an annual basis. Issued in partnership with HSBC, who served as the sole lead arranger, this landmark transaction adheres strictly to SEBI’s regulatory guidelines introduced on June 5, 2025, aimed at enhancing transparency and accountability among bond issuers. The framework mandates key disclosures, including sustainability objectives, external evaluations such as second-party opinions (SPOs), and continuous post issuance reporting, with clear Key Performance Indicators (KPIs) to measure ESG impact.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

Larsen & Toubro Share Price

4143.95 -20.20 (-0.49%)
30-Jun-2026 16:59 View Price Chart
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Company Name CMP
Larsen & Toubro 4143.95
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