India New Issue-L&T Finance accepts bids for 5-year bonds - bankers

L&T Finance

28/02/2023 08:00

MUMBAI, Feb 28 (Reuters) - India's L&T Finance has
accepted bids worth 3.43 billion rupees ($41.47 million) through
bonds maturing in five years, three merchant bankers said on
Tuesday.
    The company will pay an annual coupon of 8.15% 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 India Ratings, and the
issue will be settled later this week. 
    Earlier this month, the company raised 2.75 billion rupees
via bonds maturing in 10 years at an annual coupon of 8.05%.




($1 = 82.7130 Indian rupees)

 (Reporting by Bhakti Tambe)
 ((Bhakti.Tambe@thomsonreuters.com; Reuters Messaging:
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