L&T Finance to issue two-year bonds, bankers say
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India's L&T Finance 
LTF plans to raise 10 billion rupees ($116.6 million), which includes a greenshoe option of 5 billion rupees, through a sale of bonds maturing in two years, two merchant bankers said on Friday.
The company will pay an annual coupon of 7.12% and has invited bids from bankers and investors on Monday, they said.
L&T Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 2 years | 7.12 | 5+5 | July 14 | AAA (India Ratings, Crisil) |
Tata Capital | 2 years and 2 months | To be decided | 10+5 | July 14 | AAA (Icra, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.7490 Indian rupees)
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