Epic Research

Thursday, September 25, 2014

Epic Research Update : Larsen & Toubro

Epic Update Larsen & ToubroLarsen & Toubro (L&T) has launched and priced an accelerated offering of foreign currency convertible bonds (FCCBs). The issue size is $200 million of face value $200,000 a bond carrying a coupon rate of 0.675 per cent payable semi-annually. The tenor of the bond will be five years and one day.

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