MUMBAI, March 20 (Reuters) - India's LIC Housing Finance plans to raise at least 10 billion rupees ($121.18
million) through the sale of bonds maturing in 10 years, three
merchant bankers said on Monday.
The housing finance company has invited bids from bankers
and investors for the issue on Tuesday, the merchant bankers
said.
The bonds are rated AAA by CRISIL and will be settled on
Thursday.
The issue has a greenshoe option to retain an additional 40
billion rupees.
Earlier this month, the company raised an aggregate of 28.66
billion rupees through the reissue of 7.82% November 2025 bonds
and 7.95% January 2028 bonds.
($1 = 82.5200 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by
Sohini Goswami)
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