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Larsen & Toubro Ltd To Raise INR1 Billion In 10-year Inflation-Linked Bonds-The Economic Times

Thursday, 16 May 2013 08:00pm EDT 

The Economic Times reported that Larsen & Toubro Ltd is planning to raise INR100 crore (INR1 billion) in 10-year inflation-linked bonds at 1.65% over wholesale price inflation, a move that comes after the Reserve Bank of India announced that it will issue the first tranche of inflation-indexed bonds on June 4. The coupon would be linked to the 12 month average wholesale inflation rate, sources in involved in the issue said.