The bonds are rated AAA by CRISIL and the issue will be
settled later this week.
($1 = 82.2480 Indian rupees)
(Reporting by Bhakti Tambe and Dharamraj Dhutia)
MUMBAI, March 13 (Reuters) - India's LIC Housing Finance plans to raise at least 8 billion rupees ($97.27
million) through a reissue of 7.95% January 2028 and 7.82%
November 2025 bonds, three merchant bankers said on Monday.
The housing finance company has invited bids from bankers
and investors for both the bond issues on Wednesday, they said.
The reissue of bonds maturing in January 2028 has a base
size of 5 billion rupees and a greenshoe option to retain
oversubscription of up to 15 billion rupees.
Separately, the reissue of bonds maturing in November 2025
has a base size of 3 billion rupees and a greenshoe option of 15
billion rupees.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.