India New Issue-L&T Finance Holdings to issue 3-yr bonds next week - bankers

L&T Finance

28/12/2023 03:21

MUMBAI, Dec 28 (Reuters) - India's L&T Finance Holdings  LTFH.NS  plans to raise up to 5
billion rupees ($60.05 million) through the sale of bonds maturing in three years, three bankers
said on Thursday.
    It has invited coupon and commitment bids for the issue on Wednesday, they said. 
    
 
 Here is the list of deals reported so far on Dec. 28: 
             Issuer                                                         
                                         Coupon   Issue size (in            Rating
                             Tenure    (in %)     bln rupees)*    Bidding   
                                                                  date      
                                                                            
                                                                            
 L&T Finance Holdings        3 yrs     To be      2 + 3           Jan. 3    AAA (Crisil,
                                       decided                              ICRA)
 Shree Renuka Sugar          5 yrs     To be      2.85            Jan. 3    A (India
                                       decided                              Ratings)
             Magma HDI       10 yrs    9.70       2               Dec. 27   AA (Crisil,
 General Insurance                                                          Careedge)
                                                                            
             Kotak Mahindra  2 yr and  8.25       1.50            Dec. 27   AAA (Crisil)
 Investments Oct 2025        5 mnts    (yield)                              
 reissue                                                                    
                                                                            
             Kotak Mahindra  1 yr and       8.25            1.50  Dec. 27   AAA (Crisil)
 Investments May 2026         10 mnts    (yield)                            
 reissue                                                                    
                                                                            
             Kotak Mahindra  3 yr and  8.2366               0.80  Dec. 27   AAA (Crisil)
 Investments                   5 mnts                                       
                                                                            
 
*Size includes base plus greenshoe for some issues



($1 = 83.2600 Indian rupees)

 (Reporting by Dharamraj Dhutia and Bhakti Tambe
Editing by Sonia Cheema)
 ((Dharamraj.dhutia@tr.com))