($1 = 81.9800 Indian rupees) (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Varun H K)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, March 8 (Reuters) - India's LIC Housing Finance
Ltd has accepted bids worth 3.03 billion rupees ($37
million) through bonds maturing in over three years, three
merchant bankers said on Wednesday.
The housing finance company will pay a coupon of 8.1432% on
this bond issue for which it had invited bids from bankers and
investors earlier in the day.
The bonds are rated AAA by Crisil and Care Ratings, and the
issue will be settled later this week. The bond issue will
mature in March 2026.
In February, the company had raised 11.50 billion rupees
selling bonds maturing in 10 years at an annual coupon of 7.95%.
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