LIC Housing to raise Rs 400 crore in bond sale

AFP

LIC Housing Finance plans to raise at least Rs400 crore ($74.36 million) in a two-tranche bond sale, two sources with direct knowledge of the deal said on Thursday.

The company is planning to raise minimum Rs 200 crore through three-year bonds at 9.38 percent, said a source, adding that Axis Bank is the arranger to the deal.

Separately, it is raising at least Rs 200 crore through two-year bonds at 9.37 percent, another sources said. HDFC Bank is the sole arranger to the deal.

Reuters


Published Date: Nov 01, 2012 04:50 pm | Updated Date: Dec 20, 2014 08:19 pm

Also See

  • SBI raises $1bn via international bond sale

  • SBI bond sale to set trend for overseas borrowing

  • Rupee gains helped by share sale inflows from divestment