India New Issue-LIC Housing Finance accepts bids for bond reissues - traders

CARE Ratings

15/12/2022 13:58

MUMBAI, Dec 15 (Reuters) - India's LIC Housing Finance
 LICH.NS  has accepted bids worth an aggregate of 8 billion
rupees ($96.68 million) for reissuance of 7.7201% February 2026
bonds and 7.82% November 2032 bonds, three merchant bankers said
on Thursday.
    The company had invited bids for both the options earlier in
the day, and has accepted bids worth 5 billion rupees for 2026
bonds and 3 billion rupees for November 2032 bonds, they said.
    It will offer a yield of 7.7250% and 7.81% on 2026 and 2032
bonds, respectively. 
    The bonds are rated AAA by CRISIL and CARE Ratings and the
issues will close for subscription on Friday.
    Earlier this week, the company raised 5.71 billion rupees
through the reissuance of 7.7201% February 2026 bonds at a yield
of 7.74%.
    ($1 = 82.7450 Indian rupees)
 
 (Reporting by Dharamraj Dhutia; Editing by Sherry
Jacob-Phillips)
 ((Dharamraj.dhutia@tr.com))