Finance
India’s LIC Housing Finance accepts bids on bond issue – dealers
MUMBAI, Aug 2 (Reuters) – India’s LIC Housing Finance has accepted bids price 20 billion rupees ($254.30 million) on its bonds maturing in a single 12 months, three-month and 13 days, three service provider bankers mentioned on Tuesday.
The non-banking finance firm can pay an annual coupon of 6.8975%, and had invited bids from bankers and buyers earlier within the day, they mentioned.
The bonds of the corporate are rated AAA by CRISIL and the problem will shut for subscription on Wednesday.
The problem will mature on Nov. 16, 2023.
($1 = 78.6475 Indian rupees)
Reporting by Dharamraj Lalit Dhutia
Modifying by Vidya Ranganathan
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