MUMBAI, Feb 6 (Reuters) - India's LIC Housing Finance plans to raise at least 5 billion rupees ($60.69
million) through a sale of bonds maturing in two years, six
months and 11 days, three merchant bankers said on Monday.
The housing finance company will pay an annual coupon of
7.82% on this issue and has invited bids from bankers and
investors on Tuesday, according to the merchant bankers.
The bonds are rated AAA by CRISIL and CARE Ratings, and the
issue will close for subscription later this week.
The issue has a greenshoe option to retain an additional 10
billion rupees and will mature in January 2026.
($1 = 82.3830 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by
Varun H K)
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