Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesL&T Infra Fin retail bond issue to open on Feb 7

    L&T Infra Fin retail bond issue to open on Feb 7

    L&T Infrastructure Finance, a fully-owned unit of Indian engineering conglomerate Larsen & Toubro, is making a public issue of long-term infrastructure bonds, reports moneycontrol.com. The company has said that its retail bond issue will open on February 7 and close on March 7.

    February 04, 2011 / 19:56 IST
       
       
      26 Aug, 2025 12:21
      Volume
      Todays L/H
      More

      L&T Infrastructure Finance, a fully-owned unit of Indian engineering conglomerate Larsen & Toubro, is making a public issue of long-term infrastructure bonds. The company has said that its retail bond issue will open on February 7 and close on March 7. It had priced the issue at 8.2% annually and 8.3% for the cumulative option, its chief executive told CNBC-TV18.


      Through this sale, the company will raise a maximum of Rs 400 crore (USD 88 million) and the proceeds will be used for ongoing lending to infrastructure projects in the country. It raised Rs 260 crore through a similar offering in November.


      The company proposes to issue secured redeemable non-convertible debentures aggregating upto Rs 100 crore with an option to retain an oversubscription of up to Rs 300 crore for allotment of additional bonds.

      Source: Moneycontrol.com

      first published: Feb 4, 2011 06:05 pm

      Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

      Subscribe to Tech Newsletters

      • On Saturdays

        Find the best of Al News in one place, specially curated for you every weekend.

      • Daily-Weekdays

        Stay on top of the latest tech trends and biggest startup news.

      Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347