LIC Housing Finance accepts bids for bond reissue, bankers say

India's LIC Housing Finance has accepted bids worth 10 billion rupees ($118.44 million) for the reissue of 7.57% October 2029 bonds, three bankers said on Friday.

The housing finance company will offer a yield of 7.65% on the issue and invited bids from bankers and investors earlier in the day, they said. The company did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on Nov. 22


Issuer Tenure Coupon (in %) Issue size (in Bidding Rating bln rupees)* date LIC Housing 4 years and 7.65 (yield) 10 Nov. 22 AAA (Crisil, Oct 2029 reissue 11 months Icra) ICICI 3 years and To be decided 3.50+0.50 Nov. 25 AAA (Crisil) Home Finance 3 months ICICI Home Finance 10 years To be decided 1+1.50 Nov. 25 AAA (Crisil) 3 years and To be decided 5 Nov. 25 AAA (Crisil, Mindspace Business 2 months Icra) Parks REIT 10 years 7.22 10 Nov. 25 AAA (Crisil, Ultratech Cement India Ratings) *Size includes base plus greenshoe for some issues ($1 = 84.4340 Indian rupees)