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LICHSGFIN
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India New Issue-LIC Housing Finance accepts bids for 10-year bonds, bankers say
MUMBAI, March 21 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 70 billion rupees ($813.5 million) for bonds maturing in 10 years, three bankers said on Friday.
The housing finance company will pay an annual coupon of 7.58% on this issue and had invited bids from bankers and investors earlier in the day, they said.
This issue has a put option at the end of three years.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 21:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 10 years | 7.58 | 70 | March 21 | AAA (Crisil,Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.0450 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, March 21 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 70 billion rupees ($813.5 million) for bonds maturing in 10 years, three bankers said on Friday.
The housing finance company will pay an annual coupon of 7.58% on this issue and had invited bids from bankers and investors earlier in the day, they said.
This issue has a put option at the end of three years.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 21:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 10 years | 7.58 | 70 | March 21 | AAA (Crisil,Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.0450 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia
Editing by Eileen Soreng)
India New Issue-LIC Housing Finance to issue 10-year bonds, bankers say
MUMBAI, March 20 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 70 billion rupees ($810 million), which includes 45 billion rupees of a greenshoe option through sale of bonds maturing in 10 years, three bankers said on Thursday.
The housing finance company has invited bids from bankers and investors for the issue on Friday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 10 years | To be decided | 25+45 | March 21 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.3880 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, March 20 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 70 billion rupees ($810 million), which includes 45 billion rupees of a greenshoe option through sale of bonds maturing in 10 years, three bankers said on Thursday.
The housing finance company has invited bids from bankers and investors for the issue on Friday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 10 years | To be decided | 25+45 | March 21 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.3880 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
India New Issue-LIC Housing Finance accepts bids for bond issue, bankers say
MUMBAI, March 18 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 10 billion rupees ($115.3 million) for bonds maturing in two years, three bankers said on Tuesday.
The housing finance company will pay an annual coupon of 7.73% on this issue and had invited bids from bankers and investors for the issue on Monday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 2 years | 7.73 | 10 | March 17 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.7000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, March 18 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 10 billion rupees ($115.3 million) for bonds maturing in two years, three bankers said on Tuesday.
The housing finance company will pay an annual coupon of 7.73% on this issue and had invited bids from bankers and investors for the issue on Monday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 2 years | 7.73 | 10 | March 17 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.7000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
India New Issue-LIC Housing Finance to issue 2-year bonds, bankers say
MUMBAI, March 13 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 40 billion rupees ($459.45 million), including 30 billion rupees of a greenshoe option, through sale of bonds maturing in two years, three bankers said on Thursday.
The housing finance company has invited bids from bankers and investors for the issue on Monday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 2 years | To be decided | 10+30 | March 17 | AAA (Crisil, Care) |
Can Fin Homes | 2 years and 2 months | To be decided | 4+12 | March 17 | AAA (Icra) |
* Size includes base plus greenshoe for some issues
($1 = 87.0600 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips
)
MUMBAI, March 13 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 40 billion rupees ($459.45 million), including 30 billion rupees of a greenshoe option, through sale of bonds maturing in two years, three bankers said on Thursday.
The housing finance company has invited bids from bankers and investors for the issue on Monday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 2 years | To be decided | 10+30 | March 17 | AAA (Crisil, Care) |
Can Fin Homes | 2 years and 2 months | To be decided | 4+12 | March 17 | AAA (Icra) |
* Size includes base plus greenshoe for some issues
($1 = 87.0600 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips
)
India New Issue-LIC Housing Finance accepts bids for February 2030 bond reissue, bankers say
MUMBAI, March 11 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 12.25 billion rupees ($140.5 million) for the reissue of 7.6450% February 2030 bonds, three bankers said on Tuesday.
The housing finance company will offer a yield of 7.68% and had invited bids from bankers and investors earlier in the day, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance Feb 2030 reissue | Nearly 5 years | 7.68 (yield) | 12.25 | March 11 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 87.2190 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, March 11 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 12.25 billion rupees ($140.5 million) for the reissue of 7.6450% February 2030 bonds, three bankers said on Tuesday.
The housing finance company will offer a yield of 7.68% and had invited bids from bankers and investors earlier in the day, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance Feb 2030 reissue | Nearly 5 years | 7.68 (yield) | 12.25 | March 11 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 87.2190 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
LIC Housing Finance Denies Resignation Of Company Secretary
March 4 (Reuters) - LIC Housing Finance Ltd LICH.NS:
DENIES RESIGNATION OF COMPANY SECRETARY
VARSHA CHANDAR HARDASANI CONTINUES AS COMPANY SECRETARY
Source text: ID:nNSEyQ7M7
Further company coverage: LICH.NS
(([email protected];;))
March 4 (Reuters) - LIC Housing Finance Ltd LICH.NS:
DENIES RESIGNATION OF COMPANY SECRETARY
VARSHA CHANDAR HARDASANI CONTINUES AS COMPANY SECRETARY
Source text: ID:nNSEyQ7M7
Further company coverage: LICH.NS
(([email protected];;))
India New Issue-LIC Housing Finance accepts bids for bond reissue, bankers say
MUMBAI, March 3 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 7 billion rupees ($80.1 million) for the reissue of 7.74% October 2027 bonds, three bankers said on Monday.
The housing finance company will offer a yield of 7.74% and had invited bids from bankers and investors earlier in the day, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Oct 2027 reissue | 2 years and 8 months | 7.74 (yield) | 7 | March 3 | AAA (Crisil, Care) |
360 One Prime | 2 years | 9.40 | 5 | March 3 | AA (Icra) |
JSW Energy | 3 years | 8.75 | 7 | March 3 | AA (Icra, India Ratings) |
JSW Energy | 5 years | 8.80 | 5 | March 3 | AA (Icra, India Ratings) |
UltraTech Cement | 3 years | To be decided | 10 | March 4 | AAA (Crisil) |
UltraTech Cement | 5 years | To be decided | 10 | March 4 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.3850 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, March 3 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 7 billion rupees ($80.1 million) for the reissue of 7.74% October 2027 bonds, three bankers said on Monday.
The housing finance company will offer a yield of 7.74% and had invited bids from bankers and investors earlier in the day, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Oct 2027 reissue | 2 years and 8 months | 7.74 (yield) | 7 | March 3 | AAA (Crisil, Care) |
360 One Prime | 2 years | 9.40 | 5 | March 3 | AA (Icra) |
JSW Energy | 3 years | 8.75 | 7 | March 3 | AA (Icra, India Ratings) |
JSW Energy | 5 years | 8.80 | 5 | March 3 | AA (Icra, India Ratings) |
UltraTech Cement | 3 years | To be decided | 10 | March 4 | AAA (Crisil) |
UltraTech Cement | 5 years | To be decided | 10 | March 4 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.3850 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
India New Issue-LIC Housing Finance to reissue October 2027 bonds, bankers say
MUMBAI, Feb 28 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 14 billion rupees ($160.3 million), including a greenshoe option of 9 billion rupees, through the reissue of 7.74% October 2027 bonds, three bankers said on Friday.
The housing finance company has invited bids from bankers and investors on Monday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on February 28:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing | 2 years and 8 months | To be decided | 5+9 | March 3 | AAA (Crisil, Care) |
Canfin Homes | 1 year and 10 months | To be decided | 5+5 | March 3 | AAA/Stable (Icra) |
Capital Infra Trust | 13 years | To be decided | 11.63 | March 3 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.3620 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
MUMBAI, Feb 28 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 14 billion rupees ($160.3 million), including a greenshoe option of 9 billion rupees, through the reissue of 7.74% October 2027 bonds, three bankers said on Friday.
The housing finance company has invited bids from bankers and investors on Monday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on February 28:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing | 2 years and 8 months | To be decided | 5+9 | March 3 | AAA (Crisil, Care) |
Canfin Homes | 1 year and 10 months | To be decided | 5+5 | March 3 | AAA/Stable (Icra) |
Capital Infra Trust | 13 years | To be decided | 11.63 | March 3 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.3620 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
India New Issue-LIC Housing Finance accepts bids for 5-year bonds, bankers say
MUMBAI, Feb 20 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 10 billion rupees ($115.45 million) for bonds maturing in five years, three bankers said on Thursday.
The housing finance company will pay an annual coupon of 7.6450% on this issue and had invited bids from bankers and investors earlier in the day, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on February 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 5 years | 7.6450 | 10 | February 20 | AAA (Crisil, Care) |
Cube Highways Trust | 19 years and 1 month | 7.59 (quarterly) | 6 | February 20 | AAA (Crisil) |
Tata Steel | 5 years | 7.65 | 30 | February 20 | AAA (India Ratings) |
IREDA | 11 years | To be decided | 5+10 | February 24 | AAA (India Ratings, Icra |
GMR Airports | 3 years | To be decided | 11 | February 24 | BBB+ (Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.6200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Feb 20 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 10 billion rupees ($115.45 million) for bonds maturing in five years, three bankers said on Thursday.
The housing finance company will pay an annual coupon of 7.6450% on this issue and had invited bids from bankers and investors earlier in the day, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on February 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 5 years | 7.6450 | 10 | February 20 | AAA (Crisil, Care) |
Cube Highways Trust | 19 years and 1 month | 7.59 (quarterly) | 6 | February 20 | AAA (Crisil) |
Tata Steel | 5 years | 7.65 | 30 | February 20 | AAA (India Ratings) |
IREDA | 11 years | To be decided | 5+10 | February 24 | AAA (India Ratings, Icra |
GMR Airports | 3 years | To be decided | 11 | February 24 | BBB+ (Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.6200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
India New Issue-LIC Housing Finance to issue 5-year bonds, bankers say
MUMBAI, Feb 18 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 24 billion rupees ($276.13 million), including a greenshoe option of 14 billion rupees, through a sale of bonds maturing in five years, three bankers said on Tuesday.
The housing finance company has invited bids from bankers and investors for the issue on Thursday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on February 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 5 years | To be decided | 10+14 | Feb. 20 | AAA (Crisil, Care) |
Cube Highways Trust | 19 years and 1 months | To be decided | 6 | Feb. 20 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 86.9170 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
MUMBAI, Feb 18 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 24 billion rupees ($276.13 million), including a greenshoe option of 14 billion rupees, through a sale of bonds maturing in five years, three bankers said on Tuesday.
The housing finance company has invited bids from bankers and investors for the issue on Thursday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on February 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 5 years | To be decided | 10+14 | Feb. 20 | AAA (Crisil, Care) |
Cube Highways Trust | 19 years and 1 months | To be decided | 6 | Feb. 20 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 86.9170 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
India New Issue-LIC Housing Finance accepts bids for bond reissue, bankers say
MUMBAI, Feb 12 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 10.03 billion rupees ($115.45 million) for the reissue of 7.74% February 2028 bonds, three bankers said on Wednesday.
The housing finance company will offer a yield of 7.68% on the issue and had invited bids from bankers and investors earlier in the day, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on February 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Feb 2028 reissue | 3 years | 7.68 (yield) | 10.03 | Feb. 12 | AAA (Crisil, Care) |
NABARD Mar 2028 reissue | 3 years 1 month and 11 days | 7.51 (yield) | 45 | Feb. 12 | AAA (Crisil, Icra) |
IRFC | 15 years | 7.28% | 30 | Feb. 12 | AAA (Crisil, Icra, Care) |
Bamboo Hotel and Global Centre | nearly 3 years | To be decided | 5.50+5 | Feb. 13 | Provisional A+(CE)(Icra) |
HDFC Life Insurance | 10 years | To be decided | 9+1 | Feb. 13 | AAA (Icra) |
* Size includes base plus greenshoe for some issues
($1 = 86.8775 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
MUMBAI, Feb 12 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 10.03 billion rupees ($115.45 million) for the reissue of 7.74% February 2028 bonds, three bankers said on Wednesday.
The housing finance company will offer a yield of 7.68% on the issue and had invited bids from bankers and investors earlier in the day, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on February 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Feb 2028 reissue | 3 years | 7.68 (yield) | 10.03 | Feb. 12 | AAA (Crisil, Care) |
NABARD Mar 2028 reissue | 3 years 1 month and 11 days | 7.51 (yield) | 45 | Feb. 12 | AAA (Crisil, Icra) |
IRFC | 15 years | 7.28% | 30 | Feb. 12 | AAA (Crisil, Icra, Care) |
Bamboo Hotel and Global Centre | nearly 3 years | To be decided | 5.50+5 | Feb. 13 | Provisional A+(CE)(Icra) |
HDFC Life Insurance | 10 years | To be decided | 9+1 | Feb. 13 | AAA (Icra) |
* Size includes base plus greenshoe for some issues
($1 = 86.8775 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
REFILE-India New Issue-LIC Housing Finance to reissue Feb 2028 bonds, bankers say
Corrects to Tuesday from Wednesday in first paragraph
MUMBAI, Feb 11 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 20 billion rupees ($230.3 million), including a greenshoe option of 10 billion rupees, through the reissue of 7.74% February 2028 bonds, three bankers said on Tuesday.
The company has invited bids from bankers and investors for the issue on Wednesday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on February 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing | 3 years | To be decided | 10+10 | Feb. 12 | AAA (Crisil, Care) |
L&T Finance | 5 years and 2 months | 7.80 | 2.50+2.50 | Feb. 12 | AAA (Crisil) |
Citicorp Finance | 2 years 1 month | To be decided | 2+7 | Feb. 12 | AAA (Crisil) |
Punjab National Bank | 10 years | To be decided | 20+30 | Feb. 13 | AAA (Crisil, India Ratings) |
THDC India | 10 years | To be decided | 2+5 | Feb. 14 | AA(Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.8450 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra
Editing by Sonia Cheema)
Corrects to Tuesday from Wednesday in first paragraph
MUMBAI, Feb 11 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 20 billion rupees ($230.3 million), including a greenshoe option of 10 billion rupees, through the reissue of 7.74% February 2028 bonds, three bankers said on Tuesday.
The company has invited bids from bankers and investors for the issue on Wednesday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on February 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing | 3 years | To be decided | 10+10 | Feb. 12 | AAA (Crisil, Care) |
L&T Finance | 5 years and 2 months | 7.80 | 2.50+2.50 | Feb. 12 | AAA (Crisil) |
Citicorp Finance | 2 years 1 month | To be decided | 2+7 | Feb. 12 | AAA (Crisil) |
Punjab National Bank | 10 years | To be decided | 20+30 | Feb. 13 | AAA (Crisil, India Ratings) |
THDC India | 10 years | To be decided | 2+5 | Feb. 14 | AA(Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.8450 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra
Editing by Sonia Cheema)
India's LIC Housing Finance rises; analysts flag positive margin outlook
** Shares of LIC Housing Finance LICH.NS rise 3.16% to 575.2 rupees; trim 12-month decline to 10.3%
** Nomura says co has prioritized margins over growth by venturing into affordable housing, which it plans to scale up in its loan book
** Adds, affordable housing venture to be more margin accretive, reduce negative impact of rate cuts
** Citi says the Q3 sequential decline in loan book should stabilize
** Adds, resolution of more stressed assets likely in Q4, with sale of one such asset driving Q3 profit beat
** Stock rated 'buy' on avg by 27 analysts, including Nomura and Citi; avg PT of 696.4 rupees implies a 21.2% upside to current stock price - data compiled by LSEG
(Reporting by Ananta Agarwal in Bengaluru)
** Shares of LIC Housing Finance LICH.NS rise 3.16% to 575.2 rupees; trim 12-month decline to 10.3%
** Nomura says co has prioritized margins over growth by venturing into affordable housing, which it plans to scale up in its loan book
** Adds, affordable housing venture to be more margin accretive, reduce negative impact of rate cuts
** Citi says the Q3 sequential decline in loan book should stabilize
** Adds, resolution of more stressed assets likely in Q4, with sale of one such asset driving Q3 profit beat
** Stock rated 'buy' on avg by 27 analysts, including Nomura and Citi; avg PT of 696.4 rupees implies a 21.2% upside to current stock price - data compiled by LSEG
(Reporting by Ananta Agarwal in Bengaluru)
LIC Housing Finance Q3 PAT 14.32 Bln Rupees
Jan 31 (Reuters) - LIC Housing Finance Ltd LICH.NS:
Q3 PAT 14.32 BILLION RUPEES; IBES EST. 12.85 BILLION RUPEES
Q3 INTEREST INCOME 69.52 BILLION RUPEES
Source text: [ID:]
Further company coverage: LICH.NS
(([email protected];;))
Jan 31 (Reuters) - LIC Housing Finance Ltd LICH.NS:
Q3 PAT 14.32 BILLION RUPEES; IBES EST. 12.85 BILLION RUPEES
Q3 INTEREST INCOME 69.52 BILLION RUPEES
Source text: [ID:]
Further company coverage: LICH.NS
(([email protected];;))
India New Issue-LIC Housing Finance accepts bids for near 5-year bonds, bankers say
MUMBAI, Jan 29 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 27.45 billion rupees ($317.05 million) for bonds maturing in four years and 11 months, three bankers said on Wednesday.
The company will pay a coupon of 7.66% on this issue and had invited bids from bankers and investors on Tuesday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on Jan. 29:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 4 years and 11 months | 7.66 | 27.45 | Jan. 28 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.5800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Jan 29 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 27.45 billion rupees ($317.05 million) for bonds maturing in four years and 11 months, three bankers said on Wednesday.
The company will pay a coupon of 7.66% on this issue and had invited bids from bankers and investors on Tuesday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on Jan. 29:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 4 years and 11 months | 7.66 | 27.45 | Jan. 28 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.5800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
India New Issue-LIC Housing Finance to issue near 5-year bonds, bankers say
MUMBAI, Jan 27 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 27.50 billion rupees ($318.3 million), which includes a greenshoe option of 20 billion rupees, through a sale of bonds maturing in four years and 11 months, three bankers said on Monday.
The company has invited bids from bankers and investors for the issue on Tuesday, they said.
LIC Housing Finance did not immediately reply to a Reuters email for comment.
Here is the list of deals reported so far on Jan. 27:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 4 years and 11 months | To be decided | 7.50+20 | Jan. 28 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.4090 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, Jan 27 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 27.50 billion rupees ($318.3 million), which includes a greenshoe option of 20 billion rupees, through a sale of bonds maturing in four years and 11 months, three bankers said on Monday.
The company has invited bids from bankers and investors for the issue on Tuesday, they said.
LIC Housing Finance did not immediately reply to a Reuters email for comment.
Here is the list of deals reported so far on Jan. 27:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 4 years and 11 months | To be decided | 7.50+20 | Jan. 28 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.4090 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
India New Issue-LIC Housing Finance accepts bids for 10-year bonds, bankers say
MUMBAI, Jan 20 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 12.45 billion rupees ($144 million) for bonds maturing in 10 years, three bankers said on Monday.
The company will pay an annual coupon of 7.58% and had invited bids from bankers and investors earlier in the day, they said.
LIC Housing Finance did not immediately reply to a Reuters email for comment.
Here is the list of deals reported so far on Jan. 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 10 years | 7.58 | 12.45 | Jan. 20 | AAA (Crisil, Icra) |
Jsquare Electrical Steel Nashik | 3 years | 9.45 (yield) | 26 | Jan. 24 | AA- (Care) |
Larsen & Toubro | 10 years | 7.20 | 40 | Jan. 21 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 86.5130 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, Jan 20 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 12.45 billion rupees ($144 million) for bonds maturing in 10 years, three bankers said on Monday.
The company will pay an annual coupon of 7.58% and had invited bids from bankers and investors earlier in the day, they said.
LIC Housing Finance did not immediately reply to a Reuters email for comment.
Here is the list of deals reported so far on Jan. 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 10 years | 7.58 | 12.45 | Jan. 20 | AAA (Crisil, Icra) |
Jsquare Electrical Steel Nashik | 3 years | 9.45 (yield) | 26 | Jan. 24 | AA- (Care) |
Larsen & Toubro | 10 years | 7.20 | 40 | Jan. 21 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 86.5130 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
India New Issue-LIC Housing Finance to issue 10-year bonds, bankers say
MUMBAI, Jan 17 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 30 billion rupees ($346.5 million), including a greenshoe option of 20 billion rupees, through a sale of bonds maturing in 10 years, three bankers said on Friday.
The company has invited bids from bankers and investors on Monday, they said.
LIC Housing Finance did not immediately reply to a Reuters email for comment.
Here is the list of deals reported so far on Jan. 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 10 years | To be decided | 10+20 | Jan. 20 | AAA (Crisil, Icra) |
Toyota Financial Services | 3 years and 2 months | To be decided | 5 | Jan. 20 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 86.5880 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, Jan 17 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 30 billion rupees ($346.5 million), including a greenshoe option of 20 billion rupees, through a sale of bonds maturing in 10 years, three bankers said on Friday.
The company has invited bids from bankers and investors on Monday, they said.
LIC Housing Finance did not immediately reply to a Reuters email for comment.
Here is the list of deals reported so far on Jan. 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 10 years | To be decided | 10+20 | Jan. 20 | AAA (Crisil, Icra) |
Toyota Financial Services | 3 years and 2 months | To be decided | 5 | Jan. 20 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 86.5880 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
India New Issue-LIC Housing Finance to issue 5-year bonds, bankers say
MUMBAI, Dec 30 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 17 billion rupees ($198.8 million), including a greenshoe option of 12 billion rupees, through the sale of bonds maturing in five years, three bankers said on Monday.
The company has invited bids from bankers and investors for the issue later in the day, they said.
LIC Housing Finance did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 5 years | To be decided | 5+12 | Dec. 30 | AAA (Crisil, Icra) |
KIIFB | 10 years | 9.42 (payable quarterly) | 5 | Dec. 27 | AA(CE) (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.5280 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, Dec 30 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 17 billion rupees ($198.8 million), including a greenshoe option of 12 billion rupees, through the sale of bonds maturing in five years, three bankers said on Monday.
The company has invited bids from bankers and investors for the issue later in the day, they said.
LIC Housing Finance did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 5 years | To be decided | 5+12 | Dec. 30 | AAA (Crisil, Icra) |
KIIFB | 10 years | 9.42 (payable quarterly) | 5 | Dec. 27 | AA(CE) (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.5280 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
Indian financial stocks set for first weekly decline in five
** India's financial services stocks .NIFTYFIN down 0.92%, set for a weekly decline after gaining for four straight weeks
** NIFTYFIN down 4.6% so far this week
** 18 stocks of the 20 member index in red on the day
** Multi Commodity Exchange MCEI.NS top percentage loser on the index, slides 4.3%
** Heavyweights, Axis Bank AXBK.NS and HDFC Bank HDBK.NS top drags on the index, down 2.4% and 0.3%, respectively
** LIC Housing Finance LICH.NS and ICICI General Insurance ICIL.NS only stocks in green, up 0.4% each
** YTD NIFTYFIN now up 10% vs Nifty 50's .NSEI 9% rise
(Reporting by Ashna Teresa Britto in Bengaluru)
** India's financial services stocks .NIFTYFIN down 0.92%, set for a weekly decline after gaining for four straight weeks
** NIFTYFIN down 4.6% so far this week
** 18 stocks of the 20 member index in red on the day
** Multi Commodity Exchange MCEI.NS top percentage loser on the index, slides 4.3%
** Heavyweights, Axis Bank AXBK.NS and HDFC Bank HDBK.NS top drags on the index, down 2.4% and 0.3%, respectively
** LIC Housing Finance LICH.NS and ICICI General Insurance ICIL.NS only stocks in green, up 0.4% each
** YTD NIFTYFIN now up 10% vs Nifty 50's .NSEI 9% rise
(Reporting by Ashna Teresa Britto in Bengaluru)
India New Issue-LIC Housing Finance accepts bids for bond reissue, bankers say
MUMBAI, Dec 19 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 6.05 billion rupees ($71.15 million) for the reissue of 6.65% February 2027 bonds, three bankers said on Thursday.
The company will offer a yield of 7.74% on the issue and invited bids from bankers and investors earlier in the day, they said.
LIC Housing Finance did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Feb 2027 reissue | 2 years and 2 months | 7.74 | 6.05 | Dec. 19 | AAA (Crisil, Icra) |
Bajaj Housing Finance | 3 years and 3 months | 7.66 | 5 | Dec. 19 | AAA (Crisil) |
Shriram Finance | 3 years and 1 month | 8.90 | 1+4 | Dec. 20 | AA+ (Crisil) |
Tata Capital Oct 2027 reissue | 2 year and 10 months | To be decided | 5+5 | Dec. 20 | AAA (Crisil, Icra) |
Tata Capital | 9 year and 7 months | To be decided | 1+4 | Dec. 20 | AAA (Crisil, Icra) |
PFC | 5 years and 23 days | To be decided | 5+25 | Dec. 20 | AAA (Crisil, Care, Icra) |
PFC | 15 years and 24 days | To be decided | 5+25 | Dec. 20 | AAA (Crisil, Care, Icra) |
SIDBI | 4 years and 5 months | To be decided | 10+30 | Dec. 20 | AAA (Crisil, Care) |
Punjab National Bank | 15 years | To be decided | 10+20 | Dec. 20 | AAA (Crisil, India Ratings) |
India Infradebt | 10 years | To be decided | 2.50+2.50 | Dec. 20 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.0340 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Abinaya Vijayaraghavan)
MUMBAI, Dec 19 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 6.05 billion rupees ($71.15 million) for the reissue of 6.65% February 2027 bonds, three bankers said on Thursday.
The company will offer a yield of 7.74% on the issue and invited bids from bankers and investors earlier in the day, they said.
LIC Housing Finance did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Feb 2027 reissue | 2 years and 2 months | 7.74 | 6.05 | Dec. 19 | AAA (Crisil, Icra) |
Bajaj Housing Finance | 3 years and 3 months | 7.66 | 5 | Dec. 19 | AAA (Crisil) |
Shriram Finance | 3 years and 1 month | 8.90 | 1+4 | Dec. 20 | AA+ (Crisil) |
Tata Capital Oct 2027 reissue | 2 year and 10 months | To be decided | 5+5 | Dec. 20 | AAA (Crisil, Icra) |
Tata Capital | 9 year and 7 months | To be decided | 1+4 | Dec. 20 | AAA (Crisil, Icra) |
PFC | 5 years and 23 days | To be decided | 5+25 | Dec. 20 | AAA (Crisil, Care, Icra) |
PFC | 15 years and 24 days | To be decided | 5+25 | Dec. 20 | AAA (Crisil, Care, Icra) |
SIDBI | 4 years and 5 months | To be decided | 10+30 | Dec. 20 | AAA (Crisil, Care) |
Punjab National Bank | 15 years | To be decided | 10+20 | Dec. 20 | AAA (Crisil, India Ratings) |
India Infradebt | 10 years | To be decided | 2.50+2.50 | Dec. 20 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.0340 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Abinaya Vijayaraghavan)
India New Issue-LIC Housing Finance to reissue Feb 2027 bonds, bankers say
MUMBAI, Dec 18 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 26 billion rupees ($306.1 million), including a greenshoe option of 20 billion rupees, through the reissue of 6.65% February 2027 bonds, three bankers said on Wednesday.
The company has invited bids from bankers and investors for the issue on Thursday, they said.
LIC Housing Finance did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing | 2 years and 2 months | To be decided | 6+20 | Dec. 19 | AAA (Crisil, Icra) |
Bajaj Housing Finance | 3 years and 3 months | To be decided | 5+5 | Dec. 19 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 84.9300 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
MUMBAI, Dec 18 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 26 billion rupees ($306.1 million), including a greenshoe option of 20 billion rupees, through the reissue of 6.65% February 2027 bonds, three bankers said on Wednesday.
The company has invited bids from bankers and investors for the issue on Thursday, they said.
LIC Housing Finance did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing | 2 years and 2 months | To be decided | 6+20 | Dec. 19 | AAA (Crisil, Icra) |
Bajaj Housing Finance | 3 years and 3 months | To be decided | 5+5 | Dec. 19 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 84.9300 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
India New Issue-LIC Housing Finance accepts bids for 2-year bonds, bankers say
MUMBAI, Dec 11 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 12.75 billion rupees ($150.25 million) for bonds maturing in two years, three bankers said on Wednesday.
The company will pay an annual coupon of 7.69% and invited bids from bankers and investors for the issue earlier in the day, they said.
LIC Housing Finance did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 2 years | 7.69 | 12.75 | Dec. 11 | AAA (Crisil, Icra) |
HDFC Credila Financial | 5 years | To be decided | 1.50+3.50 | Dec. 12 | AA+ (Crisil) |
Aditya Birla Housing Finance | 3 years and 3 months | 7.8461% | 4.75 | Dec. 11 | AAA (Icra, Crisil) |
Sundaram Finance | 2 years | 7.75 | 10 | Dec. 12 | AAA (Icra) |
Punjab & Sind Bank | 10 years | To be decided | 30 | To be decided | AA (Crisil, India Ratings) |
EXIM Bank | 5 years | 7.14 | 25 | Dec. 11 | AAA (Crisil, Icra) |
IRFC | 10 years | To be decided | 5+25 | Dec. 12 | AAA (Crisil, Icra) |
NABARD | 5 year and 5 months | To be decided | 30+40 | Dec. 12 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.8575 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Abinaya Vijayaraghavan
)
MUMBAI, Dec 11 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 12.75 billion rupees ($150.25 million) for bonds maturing in two years, three bankers said on Wednesday.
The company will pay an annual coupon of 7.69% and invited bids from bankers and investors for the issue earlier in the day, they said.
LIC Housing Finance did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 2 years | 7.69 | 12.75 | Dec. 11 | AAA (Crisil, Icra) |
HDFC Credila Financial | 5 years | To be decided | 1.50+3.50 | Dec. 12 | AA+ (Crisil) |
Aditya Birla Housing Finance | 3 years and 3 months | 7.8461% | 4.75 | Dec. 11 | AAA (Icra, Crisil) |
Sundaram Finance | 2 years | 7.75 | 10 | Dec. 12 | AAA (Icra) |
Punjab & Sind Bank | 10 years | To be decided | 30 | To be decided | AA (Crisil, India Ratings) |
EXIM Bank | 5 years | 7.14 | 25 | Dec. 11 | AAA (Crisil, Icra) |
IRFC | 10 years | To be decided | 5+25 | Dec. 12 | AAA (Crisil, Icra) |
NABARD | 5 year and 5 months | To be decided | 30+40 | Dec. 12 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.8575 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Abinaya Vijayaraghavan
)
India New Issue-LIC Housing Finance to issue 2-yr bonds, bankers say
MUMBAI, Dec 10 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 25 billion rupees ($294.8 million) including a greenshoe option of 15 billion rupees, through the sale of bonds maturing in two years, three bankers said on Tuesday.
The company has invited bids from bankers and investors for the issue on Wednesday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 2 years | To be decided | 10+15 | Dec. 11 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.8180 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sumana Nandy)
MUMBAI, Dec 10 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 25 billion rupees ($294.8 million) including a greenshoe option of 15 billion rupees, through the sale of bonds maturing in two years, three bankers said on Tuesday.
The company has invited bids from bankers and investors for the issue on Wednesday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 2 years | To be decided | 10+15 | Dec. 11 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.8180 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sumana Nandy)
India New Issue-LIC Housing Finance accepts bids for bond reissue, bankers say
MUMBAI, Dec 4 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 10.50 billion rupees ($123.94 million) for the reissue of 7.26% May 2034 bonds, three bankers said on Wednesday.
The company will offer a yield of 7.4243%, and had invited bids from bankers and investors earlier in the day, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing | 9 years and 6 months | 7.4243% (yield) | 10.50 | Dec. 4 | AAA (Crisil, Icra) |
Larsen & Toubro | 10 years | 7.19 | 10.50 | Dec. 4 | AAA (Crisil, India Ratings) |
DME Development | 10 years | To be decided | 5+5 | Dec. 9 | AAA (Crisil, Careedge) |
National Highways Infra Trust | 20 years | To be decided | 7+7 | Dec. 10 | AAA (Care, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 84.7190 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
MUMBAI, Dec 4 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 10.50 billion rupees ($123.94 million) for the reissue of 7.26% May 2034 bonds, three bankers said on Wednesday.
The company will offer a yield of 7.4243%, and had invited bids from bankers and investors earlier in the day, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing | 9 years and 6 months | 7.4243% (yield) | 10.50 | Dec. 4 | AAA (Crisil, Icra) |
Larsen & Toubro | 10 years | 7.19 | 10.50 | Dec. 4 | AAA (Crisil, India Ratings) |
DME Development | 10 years | To be decided | 5+5 | Dec. 9 | AAA (Crisil, Careedge) |
National Highways Infra Trust | 20 years | To be decided | 7+7 | Dec. 10 | AAA (Care, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 84.7190 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
India New Issue-LIC Housing Finance to reissue May 2034 bonds, bankers say
MUMBAI, Dec 3 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 25 billion rupees (nearly $295 million), including a greenshoe option of 15 billion rupees, through the reissue of 7.26% May 2034 bonds, three bankers said on Tuesday.
The company has invited bids from bankers and investors on Wednesday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 3
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing May 2034 reissue | 9 years and 6 months | To be decided | 10+15 | Dec. 4 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.7710 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, Dec 3 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 25 billion rupees (nearly $295 million), including a greenshoe option of 15 billion rupees, through the reissue of 7.26% May 2034 bonds, three bankers said on Tuesday.
The company has invited bids from bankers and investors on Wednesday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 3
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing May 2034 reissue | 9 years and 6 months | To be decided | 10+15 | Dec. 4 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.7710 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
India New Issue-LIC Housing Finance accepts bids for 3-year bonds, bankers say
MUMBAI, Nov 29 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 13.15 billion rupees ($155.7 million) for the sale of bonds maturing in three years, three bankers said on Friday.
The company will pay a coupon of 7.75% for this issue and had invited bids from bankers and investors on Thursday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Nov. 29:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 3 years | 7.75 | 13.15 | Nov. 28 | AAA (Crisil, Icra) |
Ultratech Cement | 10 years | 7.22 | 10 | Nov. 25 | AAA (Crisil, India Ratings) |
SIDBI | 3 year 6 month and 16 days | 7.51 | 49.18 | Nov. 25 | AAA (Crisil, Care) |
IREDA | 7 years | 7.37 | 20 | Nov. 25 | AAA (Icra) |
* Size includes base plus greenshoe for some issues
($1 = 84.4870 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, Nov 29 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 13.15 billion rupees ($155.7 million) for the sale of bonds maturing in three years, three bankers said on Friday.
The company will pay a coupon of 7.75% for this issue and had invited bids from bankers and investors on Thursday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Nov. 29:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 3 years | 7.75 | 13.15 | Nov. 28 | AAA (Crisil, Icra) |
Ultratech Cement | 10 years | 7.22 | 10 | Nov. 25 | AAA (Crisil, India Ratings) |
SIDBI | 3 year 6 month and 16 days | 7.51 | 49.18 | Nov. 25 | AAA (Crisil, Care) |
IREDA | 7 years | 7.37 | 20 | Nov. 25 | AAA (Icra) |
* Size includes base plus greenshoe for some issues
($1 = 84.4870 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
India New Issue-LIC Housing Finance accepts bids for bond reissue, bankers say
MUMBAI, Nov 22 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 10 billion rupees ($118.44 million) for the reissue of 7.57% October 2029 bonds, three bankers said on Friday.
The housing finance company will offer a yield of 7.65% on the issue and invited bids from bankers and investors earlier in the day, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Nov. 22
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing | 4 years and 11 months | 7.65 (yield) | 10 | Nov. 22 | AAA (Crisil, Icra) |
ICICI Home Finance | 3 years and 3 months | To be decided | 3.50+0.50 | Nov. 25 | AAA (Crisil) |
ICICI Home Finance | 10 years | To be decided | 1+1.50 | Nov. 25 | AAA (Crisil) |
Mindspace Business Parks REIT | 3 years and 2 months | To be decided | 5 | Nov. 25 | AAA (Crisil, Icra) |
Ultratech Cement | 10 years | 7.22 | 10 | Nov. 25 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 84.4340 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Abinaya Vijayaraghavan)
MUMBAI, Nov 22 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 10 billion rupees ($118.44 million) for the reissue of 7.57% October 2029 bonds, three bankers said on Friday.
The housing finance company will offer a yield of 7.65% on the issue and invited bids from bankers and investors earlier in the day, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Nov. 22
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing | 4 years and 11 months | 7.65 (yield) | 10 | Nov. 22 | AAA (Crisil, Icra) |
ICICI Home Finance | 3 years and 3 months | To be decided | 3.50+0.50 | Nov. 25 | AAA (Crisil) |
ICICI Home Finance | 10 years | To be decided | 1+1.50 | Nov. 25 | AAA (Crisil) |
Mindspace Business Parks REIT | 3 years and 2 months | To be decided | 5 | Nov. 25 | AAA (Crisil, Icra) |
Ultratech Cement | 10 years | 7.22 | 10 | Nov. 25 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 84.4340 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Abinaya Vijayaraghavan)
India New Issue-LIC Housing Finance to reissue Oct 2029 bonds, bankers say
MUMBAI, Nov 21 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 20 billion rupees ($237 million) through the reissue of 7.57% October 2029 bonds, three bankers said on Thursday.
The housing finance company has invited bids from bankers and investors on Friday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Nov. 21:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Oct 2029 reissue | 4 years and 11 months | To be decided | 10+10 | Nov. 22 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.4000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, Nov 21 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 20 billion rupees ($237 million) through the reissue of 7.57% October 2029 bonds, three bankers said on Thursday.
The housing finance company has invited bids from bankers and investors on Friday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Nov. 21:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Oct 2029 reissue | 4 years and 11 months | To be decided | 10+10 | Nov. 22 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.4000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
India's LIC Housing Finance tops Q2 profit view on steady home loan demand
Oct 28 (Reuters) - India's LIC Housing Finance LICH.NS reported a bigger-than-expected second-quarter profit on Monday, helped by steady demand for its home loans.
The company said its profit after tax rose about 12% to 13.29 billion rupees ($158.1 million) for the quarter ended Sept. 30, outpacing analysts' expectation of 12.26 billion rupees, per data compiled by LSEG.
The firm is 45%-owned by Life Insurance Corporation of India LIFI.NS, the country's top insurer.
Demand for homes in India, especially in the luxury category, is steadily rising, which, in turn, is fuelling demand for home loans.
The affordable housing segment is also seeing a pick up, helped by the government's push for low-cost housing.
As a result, LIC Housing's total loan disbursements grew 12% to 164.76 billion rupees during the second quarter.
"With stable interest rates, we expect steady growth in the next two quarters," the company said in statement.
However, its net interest income - the difference between interest earned and paid - fell 6% to 19.74 billion rupees as its finance costs rose during the quarter.
LIC Housing's net interest margin (NIM), a key gauge for profitability, shrunk for the second consecutive quarter to 2.71% from 2.76% in the first quarter due to increasing competition in the home finance sector, according to analysts.
It reported an NIM of 3.04% for the second quarter last year.
Rivals PNB Housing Housing PNBH.NS and newly-listed Bajaj Housing Finance BAJO.NS also reported a rise in quarterly profit, supported by higher demand for home loans.
Shares of LIC Housing ended 3.4% higher after its results.
($1 = 84.0725 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru; Editing by Sonia Cheema)
(([email protected];))
Oct 28 (Reuters) - India's LIC Housing Finance LICH.NS reported a bigger-than-expected second-quarter profit on Monday, helped by steady demand for its home loans.
The company said its profit after tax rose about 12% to 13.29 billion rupees ($158.1 million) for the quarter ended Sept. 30, outpacing analysts' expectation of 12.26 billion rupees, per data compiled by LSEG.
The firm is 45%-owned by Life Insurance Corporation of India LIFI.NS, the country's top insurer.
Demand for homes in India, especially in the luxury category, is steadily rising, which, in turn, is fuelling demand for home loans.
The affordable housing segment is also seeing a pick up, helped by the government's push for low-cost housing.
As a result, LIC Housing's total loan disbursements grew 12% to 164.76 billion rupees during the second quarter.
"With stable interest rates, we expect steady growth in the next two quarters," the company said in statement.
However, its net interest income - the difference between interest earned and paid - fell 6% to 19.74 billion rupees as its finance costs rose during the quarter.
LIC Housing's net interest margin (NIM), a key gauge for profitability, shrunk for the second consecutive quarter to 2.71% from 2.76% in the first quarter due to increasing competition in the home finance sector, according to analysts.
It reported an NIM of 3.04% for the second quarter last year.
Rivals PNB Housing Housing PNBH.NS and newly-listed Bajaj Housing Finance BAJO.NS also reported a rise in quarterly profit, supported by higher demand for home loans.
Shares of LIC Housing ended 3.4% higher after its results.
($1 = 84.0725 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru; Editing by Sonia Cheema)
(([email protected];))
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What does LIC Housing Finance do?
LIC Housing Finance is a prominent company in India specializing in long-term financing solutions for housing, personal, and business requirements. It provides various types of loans for property purchase, construction, and professional facilities.
Who are the competitors of LIC Housing Finance?
LIC Housing Finance major competitors are PNB Housing Finance, Housing & Urban Dev., Aptus Value Housing, Aavas Financiers, Home First Finance, Sammaan Capital, Can Fin Homes. Market Cap of LIC Housing Finance is ₹33,249 Crs. While the median market cap of its peers are ₹16,032 Crs.
Is LIC Housing Finance financially stable compared to its competitors?
LIC Housing Finance seems to be less financially stable compared to its competitors. Altman Z score of LIC Housing Finance is 0.47 and is ranked 8 out of its 8 competitors.
Does LIC Housing Finance pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. LIC Housing Finance latest dividend payout ratio is 10.39% and 3yr average dividend payout ratio is 15.67%
How strong is LIC Housing Finance balance sheet?
Latest balance sheet of LIC Housing Finance is strong. Strength was visible historically as well.
Is the profitablity of LIC Housing Finance improving?
Yes, profit is increasing. The profit of LIC Housing Finance is ₹5,147 Crs for TTM, ₹4,763 Crs for Mar 2024 and ₹2,891 Crs for Mar 2023.
Is LIC Housing Finance stock expensive?
LIC Housing Finance is expensive when considering the Price to Book, however latest PE is < 3 yr avg PE. Latest PE of LIC Housing Finance is 6.46 while 3 year average PE is 8.32. Also latest Price to Book of LIC Housing Finance is 0.99 while 3yr average is 0.96.
Has the share price of LIC Housing Finance grown faster than its competition?
LIC Housing Finance has given better returns compared to its competitors. LIC Housing Finance has grown at ~16.91% over the last 3yrs while peers have grown at a median rate of 4.68%
Is the promoter bullish about LIC Housing Finance?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in LIC Housing Finance is 45.24% and last quarter promoter holding is 45.24%.
Are mutual funds buying/selling LIC Housing Finance?
The mutual fund holding of LIC Housing Finance is increasing. The current mutual fund holding in LIC Housing Finance is 16.72% while previous quarter holding is 15.82%.