India New Issue-L&T Finance accepts bids for bond reissue, bankers say
India New Issue-L&T Finance accepts bids for bond reissue, bankers say MUMBAI, Sept 1 (Reuters) - India's L&T Finance LTFL.NS has accepted bids worth 5 billion rupees ($52.66 million)for the reissue of 7.8384% September 2029 bonds, three bankers said on Tuesday.
It will offer a yield of 7.80% on this issue and had invited bids earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 1:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance Sept 2029 Reissue | 3 years | 7.80 (yield) | 5 | September 1 | AAA (Crisil, Care) |
SIDBI | 3 year and 1 month | 7.70 | 58.89 | September 1 | AAA (Care, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.9500 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
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