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Money May 15, 2013

L&T to raise Rs 100 crore in 10-year inflation-linked bonds

Larsen & Toubro is planning to raise Rs 100 crore in 10-year inflation-linked bonds at 1.65 percent over wholesale price inflation, a source with direct knowledge of the deal said.

AFP

IDFC is the sole arranger to the deal. AFP

IDFC is the sole arranger to the deal, said the source, adding the pay-in for the bond is set for May 21. The source declined to be identified because the sale has not been made public yet.

A L&T spokesman declined to comment. An IDFC spokesman had no immediate comment.

Reuters


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