India New Issue-L&T Finance Holdings accepts bids for 3-year bonds - bankers

L&T Finance

04/01/2024 02:53

MUMBAI, Jan 4 (Reuters) - India's L&T Finance Holdings  LTFH.NS  has accepted bids worth
5 billion rupees ($60.02 million)for sale of bonds maturing in three years, three bankers said
on Thursday.
    It will pay an annual coupon of 8.15% to the investors, and had invited coupon and
commitment bids for the issue on Wednesday, they said.
    
 
  Here is the list of deals reported so far on Jan. 4:
                                                                          
 Issuer         Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                             bln rupees)*    date         
                                                                          
 L&T Finance         3 years          8.15                5  Jan. 3       AAA (Crisil,
 Holdings                                                                 ICRA)
                     5 years           9.45            2.85  Jan. 3       A (India
 Shree Renuka                                                             Ratings)
 Sugars                                                                   
                                                                          
 
  * Size includes base plus greenshoe for some issues

  ($1 = 83.3070 Indian rupees)

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