In February, the company had raised 11.50 billion rupees selling bonds maturing in 10 years at an annual coupon of 7.95%. ($1 = 81.9120 Indian rupees) (Reporting by Dharamraj Dhutia and Bhakti Tambe Editing by Sonia Cheema)
MUMBAI, March 3 (Reuters) - India's LIC Housing Finance plans to raise at least 3 billion rupees ($36.6
million) through the sale of bonds maturing in over three years,
three merchant bankers said on Friday.
The housing finance company has invited bids from bankers
and investors on Wednesday.
The bonds are rated AAA by CRISIL and CARE Ratings, and the
issue will be settled next week.
The issue will have a greenshoe option to retain an
additional 15 billion rupees and will mature in March 2026.
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