Even as tight liquidity conditions continue in the system, LIC Housing Finance has raised Rs 750-crore through a bond issue at a competitive rate. The amount raised is over three times its intended issue size and at a rate of 9.4 per cent, adding that the bonds will have a tenure of two years.
The rate is within the prevailing one-year bank certificate of deposits (CD) or commercial paper (CP) rates of 9.2-9.5 per cent. The original issue size was Rs 200 crore and also had a green-shoe option, allowing it to retain over subscriptions.crackcrack
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 540.05 |
| Housing & Urban Dev. | 197.00 |
| Bajaj Housing Financ | 91.83 |
| Piramal Finance | 1673.65 |
| PNB Housing Finance | 924.40 |
| View more.. | |
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