L&T Infra Fin sells 5.25 bn rupees
L&T Infrastructure Finance, a unit of Indian engineering conglomerate Larsen & Toubro, has raised 5.25 billion rupees via bonds, two sources with knowledge of the deal said on Monday.
The bonds carry a coupon rate of 8.91 percent, are strippable into tenors ranging from 2-8 years, and Barclays Capital was sole arranger to the issue, they added. The paper is rated ‘AA-plus’ by CARE, one source said.
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- Last Modified: April 19, 2010
- Filed Under: Latest News, MARKETS, NATION, WORLD
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