India New Issue-LIC Housing Finance accepts bids for 10-year bonds - bankers

CARE Ratings

20/02/2023 07:34

MUMBAI, Feb 20 (Reuters) - India's LIC Housing Finance
 LICH.NS  has accepted bids worth 11.50 billion rupees ($139.2
million) for bonds maturing in 10 years, three merchant bankers
said on Monday. 
    The housing finance company will pay an annual coupon of
7.95% on this issue, for which it had invited bids from bankers
and investors earlier in the day. 
    The bonds are rated AAA by CRISIL and CARE Ratings, and the
issue will be settled on Tuesday.
    The issue had a base size of 10 billion rupees and a
greenshoe option to retain an additional 20 billion rupees.
    Earlier this month, the company had raised 8 billion rupees
selling bonds maturing in two years, six months, and 11 days at
an annual coupon of 7.82%.
    ($1 = 82.6440 Indian rupees)
 (Reporting by Bhakti Tambe; Editing by Dhanya Ann Thoppil)
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