MUMBAI, March 21 (Reuters) - India's LIC Housing Finance has accepted bids worth 10.55 billion rupees ($127.7
million) for bonds maturing in 10 years, three merchant bankers
said on Tuesday.
The housing finance company will pay a coupon of 8.025% on
this issue, for which it had invited bids from bankers and
investors earlier in the day.
The bonds are rated AAA by Crisil and will be settled on
Thursday.
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 = 82.6275 Indian rupees)
(Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by
Varun H K)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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