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

L&T Finance

Wed 04:12

MUMBAI, Oct 21 (Reuters) - India's L&T Finance LTFL.NS has accepted bids worth 15 billion rupees ($158.26 million) for the reissue of 7.8384% September 2029 bonds, three bankers said on Wednesday.
The company will offer a yield of 8.00% to the investors and had invited bids 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 October 21: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
L&T Finance Sept 2029 reissue
2 year and 11 months
8.00 (yield)
15
October 19
AAA (Crisil, CareEdge)

* Size includes base plus greenshoe for some issues

   ($1 = 94.7800 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
 ((Dharamraj.dhutia@tr.com))