L&T unit to open retail bond
A fully-owned unit of engineering conglomerate Larsen & Toubro will open a retail bond sale on Tuesday, the company said on Monday.
L&T Finance will sell three-year bonds with a maximum yield of 8.58 per cent, and the bonds are rated ‘AA-plus’ by ICRA and CARE. The issue is scheduled to close on February 22 and JM Financial, Kotak Mahindra Bank and Citigroup are the arrangers.
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- Last Modified: February 8, 2010
- Filed Under: Latest News, MARKETS, NATION, WORLD
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