India New Issue-L&T Finance to issue 3-year bonds, bankers say

L&T Finance

10/12/2024 09:57

MUMBAI, Dec 10 (Reuters) - India's L&T Finance  LTFL.NS  plans to raise 5 billion rupees
($58.93 million) through the sale of bonds maturing in three years, three bankers said on
Tuesday.
    L&T Finance will pay an annual coupon of 7.75% and has invited bids for the issue on
Thursday, they said.
    The company did not immediately reply to a Reuters email seeking comment.
 
 
 Here is the list of deals reported so far on Dec. 10: 
             Issuer                                                        
                     Tenure          Coupon     Issue size (in    Bidding  Rating
                                    (in %)      bln rupees)*    date       
                                                                           
 L&T Finance         3 years        7.75        5               Dec. 12    AAA (Crisil)
             Aditya  3 years and 3  To be       1+5             Dec. 11    AAA (Icra,
 Birla Housing       months         decided                                Crisil)
 Finance                                                                   
                                                                           
             LIC           2 years       To be           10+15  Dec. 11    AAA (Crisil,
 Housing Finance                       decided                             Icra)
                                                                           
 *Size includes base plus greenshoe for some issues
 
 ($1 = 84.8475 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
 ((Dharamraj.dhutia@tr.com))