India New Issue-L&T Finance to issue 10-year bonds - bankers

L&T Finance

24/05/2023 03:55

MUMBAI, May 24 (Reuters) - India's L&T Finance plans to raise at least 500 million
rupees ($6.11 million) through a sale of bonds maturing in 10 years, three merchant bankers said
on Wednesday.
    The company will pay an annual coupon of 7.85% and has invited bids from bankers and
investors on Thursday, they said.


Below is the list of deals reported on May 24
                                                 Issue size (in                
 Issuer               Coupon (in %)  bln rupees)                 Bidding date  Rating
              Tenure                                                           
                                                                               
                                                                               
 L&T Finance   10-yr           7.85                   0.5 + 2.5  May 25        AAA (Crisil
 
*Size includes base plus greenshoe for some issuances

($1 = 81.7800 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Shailesh Kuber)
 ((Dharamraj.dhutia@tr.com))