MUMBAI, May 15 (Reuters) - India's LIC Housing Finance
Ltd has accepted bids worth 49.60 billion rupees
($606.5 million) for bonds maturing in nine years and 11 months,
and 10.4 billion rupees for five-year notes, three merchant
bankers said on Monday.
The company had invited bids for both the issuances earlier
in the day.
It will a coupon of 7.70% on the five-year bonds. It will
also pay a coupon of 7.67% on the near 10-year bonds, which have
a call option on May 15, 2026.
The bonds are rated AAA by Care and the issue will be
settled on Tuesday.
Last week, the company raised 11.05 billion rupees via
10-year bonds at a coupon of 7.71%.
($1 = 81.7800 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Varun H K)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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