India New Issue-LIC Housing Finance to issue 10-year bonds - bankers

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, May 3 (Reuters) - India's LIC Housing Finance Ltd plans to raise at least 10 billion rupees ($122.3 million) through bonds maturing in 10 years, three bankers said on Wednesday. The company has invited bids from bankers and investors for the bond issue next Monday. The issue also has a greenshoe option of 30 billion rupees. The bonds are rated AAA by CRISIL and the issue will be settled later next week. In April, the company raised 17.30 billion rupees via the reissue of 7.80% December 2027 bonds at a yield of 7.77%.


($1 = 81.7920 Indian rupees) (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Savio D'Souza)

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