India New Issue-L&T Finance to issue intra-month CP - bankers

L&T Finance

14/07/2023 11:55

(NOTE TO SUBSCRIBERS: Reuters is considering discontinuing the following 'India
New Issue' report. If you have feedback or questions, please contact India
Financial News Editor Ira Dugal Ira.Dugal@thomsonreuters.com prior to July 31)
       MUMBAI, July 14 (Reuters) - India's L&T Finance plans to raise funds by
selling commercial papers maturing within July at a yield of 6.91%, three
merchant bankers said.


 Below is a list of deals reported so far on July 14
 Issuer Name      Instrument  Tenure (in    Yield     Amount (in bln
                  type        months)       (in %)    rupees)
 L&T Finance      CP          intra         6.91      5
 Larsen & Toubro  CP          3             6.95      16
 Bajaj Finance    CP          3             7.10      7.5
 
($1 = 82.1600 Indian rupees)

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