India New Issue-L&T Finance accepts bids for 3-year bonds, bankers say
India New Issue-L&T Finance accepts bids for 3-year bonds, bankers say MUMBAI, June 15 (Reuters) - India's L&T Finance LTFL.NS has accepted bids worth 15 billion rupees ($158.42 million) for bonds maturing in three years, three bankers said on Monday.
It will pay a coupon of 7.95% and had invited bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years | 8.12 | 15 | June 12 | AAA (Crisil, Care) |
Sundaram Finance | 3 years and 2 months | 7.95 | 12.60 | June 12 | AAA (Crisil) |
LIC Housing | 5 years | 7.59 | 11.50 | June 12 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 94.6850 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
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