MUMBAI, May 8 (Reuters) - India's LIC Housing Finance
Ltd has accepted bids worth 11.05 billion rupees
($135.1 million) for bonds maturing in 10 years, three bankers
said on Monday.
The company will pay an annual coupon of 7.71% for this
issue and had invited bids from bankers and investors earlier in
the day.
The bonds are rated AAA by Crisil and the issue will be
settled on Tuesday.
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 = 81.8100 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by
Varun H K)
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