India New Issue-L&T Finance issues 3-year bonds, bankers say
India New Issue-L&T Finance issues 3-year bonds, bankers say MUMBAI, Sept 18 (Reuters) - India's L&T Finance LTFL.NS raised 6.50 billion rupees ($67.80 million) through sale of three-year bonds, three bankers said on Friday.
The company will pay an annual coupon of 8.05% on this issue and had invited bids on Thursday, 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 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years | 8.05 | 6.50 | September 17 | AAA (Crisil, Care) |
Bajaj Housing | 9 years and 11 months | 8.14 (yield) | 5 | September 17 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 95.8725 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)
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