Financial Insights That Matter
MUMBAI, Feb 11 (Reuters) - India's L&T Finance plans to raise 5 billion rupees ($57.6
million), including a greenshoe option of 2.50 billion rupees, through the sale of bonds
maturing in five years and two months years, three bankers said on Tuesday.
L&T Finance will pay an annual coupon of 7.80% on this issue and has invited commitment bids
for the same on Wednesday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Feb. 11:
Issuer Tenure Coupon (in %) Issue size (in Bidding Rating
bln rupees)* date
L&T Finance 5 years and 2 7.80 2.50+2.50 Feb. 12 AAA (Crisil)
months
2 years 1 To be decided 2+7 Feb. 12 AAA
Citicorp Finance month (Crisil)
10 years To be decided 20+30 Feb. 13 AAA (Crisil,
Punjab National India Ratings)
Bank
THDC 10 years To be decided 2+5 Feb. 14 AA(Care)
India
*Size includes base plus greenshoe for some issues
($1 = 86.8800 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra
Editing by Sumana Nandy)
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