Published on 4/28/2020 in the Prospect News Emerging Markets Daily.
New Issue: Larsen & Toubro allots Rs. 25 billion 7.7% debentures due 2025
By Sarah Lizee
Olympia, Wash., April 28 – India’s Larsen & Toubro Ltd. informed the Bombay Stock Exchange that it allotted Rs. 25 billion 7.7% redeemable nonconvertible debentures due April 28, 2025, according to a notice.
The debentures will be listed on the National Stock Exchange of India Ltd.
Mumbai, India-based Larsen & Toubro is an industrial engineering and construction company.
Issuer: | Larsen & Toubro
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Issue: | Redeemable nonconvertible debentures
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Amount: | Rs. 25 billion
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Maturity: | April 28, 2025
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Coupon: | 7.7%
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Allotment date: | April 28
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