India New Issue-L&T Finance accepts bids for 3-year bonds, bankers say

L&T Finance

13/12/2024 02:43

MUMBAI, Dec 13 (Reuters) - India's L&T Finance  LTFL.NS  has accepted bids worth 5
billion rupees ($58.92 million) for bonds maturing in three years, three bankers said on Friday.
    L&T Finance will pay an annual coupon of 7.75% and had invited bids for the issue on
Thursday, they said.
    The company did not immediately reply to a Reuters email seeking comment.
    
 
  Here is the list of deals reported so far on Dec. 13: 
                                                                      
   Issuer   Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                         bln rupees)*    date         
                                                                      
 L&T        3 years       7.75           5               Dec. 12      AAA (Crisil)
 Finance                                                              
            5 years and   7.40           48.64           Dec. 12      AAA (Crisil,
   NABARD   5 months                                                  Icra)
                                                                      
                10 years           7.09           23.45  Dec. 12      AAA (Crisil,
   IRFC                                                               Icra)
                                                                      
 
   * Size includes base plus greenshoe for some issues

  ($1 = 84.8550 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by)
 ((Dharamraj.dhutia@tr.com))