MUMBAI, March 29 (Reuters) - India's LIC Housing Finance has
accepted bids worth an aggregate of 7.50 billion rupees ($91.12 million) for
reissue of 8.1432% March 2026 and 8.0250% March 2033 bonds, three merchant
bankers said on Wednesday.
The housing finance company will offer a yield of 8.10% on March 2026 bonds
and has accepted bids worth 4.50 billion rupees, while it will offer a yield of
8.00% for March 2033 bonds, they said.
It had invited bids from investors and bankers earlier in the day and the
issues will settle on Friday.
The bonds are rated AAA by CARE Ratings. In March, the company raised 10.55
billion rupees through bonds maturing in 10 years at a coupon of 8.025%.
($1 = 82.3070 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Shailesh Kuber)
