India New Issue-LIC Housing Finance to reissue January 2026 bonds - bankers

MUMBAI, April 19 (Reuters) - India's LIC Housing Finance plans to raise at least 3.5 billion rupees ($42.57 million) through the reissue of 7.82% January 2026 bonds, three merchant bankers said on Wednesday.

The housing financier has invited bids from investors and bankers on Friday, they said. The issue also has a greenshoe option to retain an oversubscription of up to 6.5 billion rupees. The bonds are rated AAA by CRISIL and the issue will be settled next week.

In March, LIC Housing Finance raised an aggregate of 7.50 billion rupees through reissue of 8.1432% March 2026 and 8.0250% March 2033 bonds at a yield of 8.10% and 8.00%, respectively.

($1 = 82.21 Indian rupees) (Reporting by Bhakti Tambe; Editing by Shailesh Kuber)

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India New Issue-LIC Housing Finance to reissue January 2026 bonds - bankers

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