L&T Finance accepts bids for two-year bonds, bankers say
India's L&T Finance 
LTF accepted bids worth 10 billion rupees ($116.31 million) for bonds maturing in two years, three merchant bankers said on Monday.
The company will pay an annual coupon of 7.12% and invited bids from bankers and investors earlier in the day, the bankers said.
L&T Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 2 years | 7.12 | 10 | July 14 | AAA (India Ratings, Crisil) |
Poonawalla Fincorp | 2 years and 2 months | 7.5285 | 7.8 | July 14 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 85.9750 Indian rupees)
