The bonds are rated AAA by CRISIL and the issue will be settled later this week. The company last tapped the bond market in May 2020, when it had raised 14.5 billion rupees selling four-year bonds at a coupon of 7.25%. ($1 = 82.3620 Indian rupees) (Reporting by Bhakti Tambe; Editing by Sohini Goswami)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, March 27 (Reuters) - India's Larsen & Toubro has accepted bids worth 20 billion rupees ($242.83
million) for bonds maturing in five years and one month, three
merchant bankers said on Monday.
The company will pay a coupon of 7.7250% on the bond issue
for which it had invited bids from investors and bankers earlier
in the day.
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