MUMBAI, Feb 7 (Reuters) - India's LIC Housing Finance has accepted bids worth 8 billion Indian rupees
($96.73 million) for bonds maturing in two years, six months and
11 days, three merchant bankers said on Tuesday.
The housing finance company will pay an annual coupon of
7.82% on this issue and had invited bids from bankers and
investors earlier in the day, according to the bankers.
The bonds are rated AAA by CRISIL and CARE Ratings. The
issue will close for subscription on Wednesday.
The issue will mature in January 2026.
($1 = 82.7050 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe
Editing by Shinjini Ganguli)
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