LICHSGFIN
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India New Issue-LIC Housing Finance to reissue April 2030 bonds, bankers say
MUMBAI, May 27 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 35 billion rupees ($411.3 million), including a greenshoe of 25 billion rupees, through the reissue of 7.07% April 2030 bonds, three bankers said on Tuesday.
The housing finance 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 May 27:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 4 years and 11 months | To be decided | 10+25 | May 28 | AAA (Crisil, Care) |
Sundaram Finance | 2 years | 6.99 | 10 | May 28 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.0890 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
MUMBAI, May 27 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 35 billion rupees ($411.3 million), including a greenshoe of 25 billion rupees, through the reissue of 7.07% April 2030 bonds, three bankers said on Tuesday.
The housing finance 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 May 27:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 4 years and 11 months | To be decided | 10+25 | May 28 | AAA (Crisil, Care) |
Sundaram Finance | 2 years | 6.99 | 10 | May 28 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.0890 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
LIC Housing Finance Limited Releases Transcript for Q4 FY25 Earnings Conference Call
LIC Housing Finance Limited recently held a conference call to discuss the Q4 FY25 earnings results, hosted by Axis Capital on May 16, 2025. The event was attended by key management personnel including Mr. Tribhuwan Adhikari, Managing Director and CEO, and Mr. Lokesh Mundhra, CFO of LIC Housing Finance Limited. During the call, Mr. Adhikari highlighted the company's financial performance, noting a 5% increase in total revenue from operations, which amounted to INR7,283 crores compared to INR6,936 crores from the previous year. The total loan portfolio grew by 7.38%, reaching INR3,07,732 crores. Mr. Adhikari also discussed the impact of recent economic developments, including the Reserve Bank of India's successive 25 basis point reductions in the repo rate during 2025 and various liquidity-boosting measures by the RBI. He stated, "The cumulative 50 basis point rate cut, combined with the improved liquidity from these interventions led to a decline in market yields during Q1 of the current fiscal." The full transcript can be accessed through the link below.
LIC Housing Finance Limited recently held a conference call to discuss the Q4 FY25 earnings results, hosted by Axis Capital on May 16, 2025. The event was attended by key management personnel including Mr. Tribhuwan Adhikari, Managing Director and CEO, and Mr. Lokesh Mundhra, CFO of LIC Housing Finance Limited. During the call, Mr. Adhikari highlighted the company's financial performance, noting a 5% increase in total revenue from operations, which amounted to INR7,283 crores compared to INR6,936 crores from the previous year. The total loan portfolio grew by 7.38%, reaching INR3,07,732 crores. Mr. Adhikari also discussed the impact of recent economic developments, including the Reserve Bank of India's successive 25 basis point reductions in the repo rate during 2025 and various liquidity-boosting measures by the RBI. He stated, "The cumulative 50 basis point rate cut, combined with the improved liquidity from these interventions led to a decline in market yields during Q1 of the current fiscal." The full transcript can be accessed through the link below.
India's LIC Housing Finance beats profit view on improving asset quality
May 15 (Reuters) - India's LIC Housing Finance LICH.NS beat fourth-quarter profit expectations on Thursday, helped by healthy asset quality and lower provisions.
The non-banking finance company's (NBFC) profit after tax came in at 13.68 billion Indian rupees ($160 million) for the January-March period, compared to analysts' average estimate of 13.49 billion rupees as per data compiled by LSEG.
Over recent quarters, LIC Housing has witnessed an improvement in asset quality, leading to reduced funds allocated for bad loans, boosting its profitability.
The company's asset quality improved, with gross stage 3 assets ratio, or loans that are overdue for more than 90 days, declining to 2.47% for the quarter from 3.31% a year earlier.
Provisions for bad loans decreased significantly to 1.09 billion rupees from 4.28 billion rupees the previous year.
LIC Housing Finance's total loan disbursements grew 5% to 191.56 billion rupees.
However, the Mumbai-based company's disbursements have been slower than its peers in last few quarters, with PNB Housing posting a 23% rise in fourth-quarter disbursements last month.
LIC Housing Finance's net interest income, the difference between interest earned and paid, fell 3% to 21.66 billion rupees.
Its net interest margin rose to 2.86% from 2.7% in the previous quarter, though down from 3.15% a year earlier.
($1 = 85.4450 Indian rupees)
(Reporting by Nishit Navin and Nandan Mandayam; Editing by Varun H K and Tasim Zahid)
(([email protected];))
May 15 (Reuters) - India's LIC Housing Finance LICH.NS beat fourth-quarter profit expectations on Thursday, helped by healthy asset quality and lower provisions.
The non-banking finance company's (NBFC) profit after tax came in at 13.68 billion Indian rupees ($160 million) for the January-March period, compared to analysts' average estimate of 13.49 billion rupees as per data compiled by LSEG.
Over recent quarters, LIC Housing has witnessed an improvement in asset quality, leading to reduced funds allocated for bad loans, boosting its profitability.
The company's asset quality improved, with gross stage 3 assets ratio, or loans that are overdue for more than 90 days, declining to 2.47% for the quarter from 3.31% a year earlier.
Provisions for bad loans decreased significantly to 1.09 billion rupees from 4.28 billion rupees the previous year.
LIC Housing Finance's total loan disbursements grew 5% to 191.56 billion rupees.
However, the Mumbai-based company's disbursements have been slower than its peers in last few quarters, with PNB Housing posting a 23% rise in fourth-quarter disbursements last month.
LIC Housing Finance's net interest income, the difference between interest earned and paid, fell 3% to 21.66 billion rupees.
Its net interest margin rose to 2.86% from 2.7% in the previous quarter, though down from 3.15% a year earlier.
($1 = 85.4450 Indian rupees)
(Reporting by Nishit Navin and Nandan Mandayam; Editing by Varun H K and Tasim Zahid)
(([email protected];))
India New Issue-LIC Housing Finance to issue 5-year bonds, bankers say
MUMBAI, April 25 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 18 billion rupees ($210.3 million), which includes 8 billion rupees in greenshoe option, through the sale of bonds maturing in five years, three bankers said on Friday.
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 April 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 5 years | To be decided | 10+8 | April 28 | AAA(Crisil, Care) |
Bajaj Finance | 2 year and 2 months | To be decided | 2.50+2.50 | April 25 | AAA (Crisil) |
Bajaj Finance | 5 year and 2 months | To be decided | 2.50+2.50 | April 25 | AAA (Crisil) |
Bajaj Finance | 3 year and 2 months | To be decided | 2.50+12.50 | April 25 | AAA (Crisil) |
Cube Highways Trust | 3 years | 7.2503 | 5.52 | April 24 | AAA (Crisil) |
Cube Highways Trust | 7 years | 7.3006 | 6 | April 24 | AAA (Crisil) |
Tata Power Renewable Energy | 15 years | 7.55 | 10 | April 24 | AA+ (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.6100 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Sumana Nandy)
MUMBAI, April 25 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 18 billion rupees ($210.3 million), which includes 8 billion rupees in greenshoe option, through the sale of bonds maturing in five years, three bankers said on Friday.
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 April 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 5 years | To be decided | 10+8 | April 28 | AAA(Crisil, Care) |
Bajaj Finance | 2 year and 2 months | To be decided | 2.50+2.50 | April 25 | AAA (Crisil) |
Bajaj Finance | 5 year and 2 months | To be decided | 2.50+2.50 | April 25 | AAA (Crisil) |
Bajaj Finance | 3 year and 2 months | To be decided | 2.50+12.50 | April 25 | AAA (Crisil) |
Cube Highways Trust | 3 years | 7.2503 | 5.52 | April 24 | AAA (Crisil) |
Cube Highways Trust | 7 years | 7.3006 | 6 | April 24 | AAA (Crisil) |
Tata Power Renewable Energy | 15 years | 7.55 | 10 | April 24 | AA+ (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.6100 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Sumana Nandy)
LIC Housing Aproves Appointment Of Lokesh Mundhra As CFO
April 17 (Reuters) - LIC Housing Finance Ltd LICH.NS:
APROVES APPOINTMENT OF LOKESH MUNDHRA AS CFO
Source text: [ID:]
Further company coverage: LICH.NS
(([email protected];;))
April 17 (Reuters) - LIC Housing Finance Ltd LICH.NS:
APROVES APPOINTMENT OF LOKESH MUNDHRA AS CFO
Source text: [ID:]
Further company coverage: LICH.NS
(([email protected];;))
India New Issue-LIC Housing Finance to reissue October 2027 bonds, bankers say
MUMBAI, April 15 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 22.50 billion rupees ($262.6 million), including a greenshoe option of 12.50 billion rupees, through the reissue of 7.74% October 2027 bonds, three bankers said on Tuesday.
The company has invited bids from bankers and investors for the reissue later in the day, they said.
It did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Fin Oct 2027 reissue | 2 years and 6 months | To be decided | 10+12.50 | April 15 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.6975 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, April 15 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 22.50 billion rupees ($262.6 million), including a greenshoe option of 12.50 billion rupees, through the reissue of 7.74% October 2027 bonds, three bankers said on Tuesday.
The company has invited bids from bankers and investors for the reissue later in the day, they said.
It did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Fin Oct 2027 reissue | 2 years and 6 months | To be decided | 10+12.50 | April 15 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.6975 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
India New Issue-LIC Housing Finance accepts bids for bond reissue, bankers say
MUMBAI, April 9 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 10 billion rupees ($115.8 million) for the reissue of 7.6450% February 2030 bonds, three bankers said on Wednesday.
The company will offer a yield of 7.20% on this issue and had invited bids from bankers and investors on Tuesday, they said.
It did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 9:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Fin | 4 years and 10 months | 7.20 (yield) | 10 | April 8 | AAA (Crisil, Care) |
Cholamandalam Investment | 7 years | 8.75 | 5 | April 8 | AA+ (Icra, India Ratings) |
L&T Finance | 3 years and 2 months | 7.5934 | 1+4 | April 11 | AAA (India Ratings, Icra) |
L&T Finance | 5 years | To be decided | 1+4 | April 11 | AAA (Care, IcRA) |
*Size includes base plus greenshoe for some issues
($1 = 86.3810 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, April 9 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 10 billion rupees ($115.8 million) for the reissue of 7.6450% February 2030 bonds, three bankers said on Wednesday.
The company will offer a yield of 7.20% on this issue and had invited bids from bankers and investors on Tuesday, they said.
It did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 9:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Fin | 4 years and 10 months | 7.20 (yield) | 10 | April 8 | AAA (Crisil, Care) |
Cholamandalam Investment | 7 years | 8.75 | 5 | April 8 | AA+ (Icra, India Ratings) |
L&T Finance | 3 years and 2 months | 7.5934 | 1+4 | April 11 | AAA (India Ratings, Icra) |
L&T Finance | 5 years | To be decided | 1+4 | April 11 | AAA (Care, IcRA) |
*Size includes base plus greenshoe for some issues
($1 = 86.3810 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
India New Issue-LIC Housing Finance to reissue 5-year bonds, bankers say
MUMBAI, April 7 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 20 billion rupees ($233.4 million), including a greenshoe option of 10 billion rupees, through the reissue of 7.6450% February 2030 bonds, three bankers said on Monday.
The company has invited bids from bankers and investors for the reissues on Tuesday, they said. It did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance February 2030 reissue | 5 years | 7.6450 | 10+10 | April 8 | AAA (Crisil, Care) |
Shriram Finance | 3 years | 8.70 | 3.75+15 | April 8 | AA+ (Crisil) |
Shriram Finance | 5 years and 3 months | 8.69 | 3.75+15 | April 8 | AA+ (Crisil) |
India Infradebt Sept 2030 reissue | 5 years and 5 months | To be decided | 2.50+7.50 | April 8 | AAA (Crisil, Icra) |
India Infradebt Dec 2034 reissue | 9 years and 8 months | To be decided | 1+4 | April 8 | AAA (Crisil, Icra) |
Cholamandalam Investment | 7 years | 8.75 | 5+5 | April 8 | AA+ (Icra, India Ratings) |
REC | 15 years | To be decided | 5+25 | April 8 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.6990 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Varun H K)
MUMBAI, April 7 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 20 billion rupees ($233.4 million), including a greenshoe option of 10 billion rupees, through the reissue of 7.6450% February 2030 bonds, three bankers said on Monday.
The company has invited bids from bankers and investors for the reissues on Tuesday, they said. It did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance February 2030 reissue | 5 years | 7.6450 | 10+10 | April 8 | AAA (Crisil, Care) |
Shriram Finance | 3 years | 8.70 | 3.75+15 | April 8 | AA+ (Crisil) |
Shriram Finance | 5 years and 3 months | 8.69 | 3.75+15 | April 8 | AA+ (Crisil) |
India Infradebt Sept 2030 reissue | 5 years and 5 months | To be decided | 2.50+7.50 | April 8 | AAA (Crisil, Icra) |
India Infradebt Dec 2034 reissue | 9 years and 8 months | To be decided | 1+4 | April 8 | AAA (Crisil, Icra) |
Cholamandalam Investment | 7 years | 8.75 | 5+5 | April 8 | AA+ (Icra, India Ratings) |
REC | 15 years | To be decided | 5+25 | April 8 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.6990 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Varun H K)
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)
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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, Can Fin Homes, Sammaan Capital. Market Cap of LIC Housing Finance is ₹33,177 Crs. While the median market cap of its peers are ₹14,252 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 ₹5,440 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 not expensive. Latest PE of LIC Housing Finance is 6.1 while 3 year average PE is 8.33. Also latest Price to Book of LIC Housing Finance is 0.91 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 ~17.23% over the last 3yrs while peers have grown at a median rate of 17.17%
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 17.03% while previous quarter holding is 16.72%.