India New Issue — L&T Finance plans to reissue near 3 — year bonds, bankers say

MUMBAI, Oct 16 (Reuters) — India's L&T Finance plans to raise up to 20 billion rupees ($210.49 million), including a greenshoe option of 5 billion rupees, through the reissue of 7.8384% September 2029 bonds, three bankers said on Friday. It has invited coupon and commitment bids for the issue on Monday, they said. The company did not immediately respond to a Reuters email seeking comment. Here is the list of deals reported so far on October 16: Issuer Tenure Coupon Issue size (in Bidding Rating (in %) bln rupees)* date L&T 3 years To be 15+5 October AAA(Crisil, Finance decided 19 CareEdge) 7.8384% 2029 reissue NABARD 3 years, 2 months 8.13 32.79 October AAA (Icra, and 23 days 16 India Ratings) Size includes base plus greenshoe for some issues ($1 = 95.0175 Indian rupees) (Reporting by Khushi Malhotra and Dharamraj Dhutia) ((Khushi.malhotra@tr.com, Dharamraj.dhutia@tr.com)