MUMBAI, Feb 17 (Reuters) - India's LIC Housing Finance plans to raise at least 10 billion rupees ($120.86
million) selling bonds maturing in 10 years, three merchant
bankers said on Friday.
The housing finance company will pay an annual coupon of
7.95% on this issue and has invited bids from bankers and
investors on Monday, they said.
The bonds are rated AAA by CRISIL and CARE Ratings, and the
issue will close for subscription next week.
The issue has a greenshoe option to retain an additional 20
billion rupees.
Earlier this month, the company had raised 8 billion Indian
rupees selling bonds maturing in two years, six months, and 11
days at an annual coupon of 7.82%.
($1 = 82.7420 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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