Guys if you missed Shriram NCD, here is another one. L&T Finance on Tuesday, 18th august opened its debentures issue to raise up to Rs 1,000 crore to
fund its financing activities, including lending and investments.
L&T Finance along with L&T Capital Holdings would offer 50 lakh secured non-convertible debentures (NCD), debentures that cannot be transformed into equity, at Rs 1,000 each, totaling to Rs 500 crore, with an option to raise an additional Rs 500 crore if the subscription is over subscribed, the company said.
The NCD issue is with diverse investment options and yield on redemption of up to 10.5 per cent. The issue would close on September 4, 2009.
The NCDs have been rated AA+ by rating agency CARE and LAA+ by ICRA, which point out low credit
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment