Picture of L&T Finance logo

LTF L&T Finance News Story

0.000.00%
in flag iconLast trade - 00:00
FinancialsBalancedLarge CapMomentum Trap

India New Issue-L&T Finance accepts bids for bond issue, bankers say

MUMBAI, April 21 (Reuters) - India's L&T Finance LTFL.NS has accepted bids worth 5 billion rupees ($53.6 million) for bonds maturing in five years and two months, three bankers said on Tuesday.

It will pay an annual coupon of 7.7942% and had invited bids for the issue on Monday, they said.

The company did not immediately respond to a Reuters email seeking comment.

 Here is the list of deals reported so far on April 21:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
L&T Finance5 years and 2 months7.79425April 20AAA (Crisil, Care)
*Size includes base plus greenshoe for some issues ($1 = 93.3275 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala) ((Dharamraj.dhutia@tr.com))

Recent news on L&T Finance

See all news