LIC Housing Said to Raise 3 Billion Rupees From 3-Year Bonds
Aug. 17 (Bloomberg) -- LIC Housing Finance Ltd., the home- loan-lending arm of India's largest insurer, sold 3 billion rupees ($64 million) of 8.4 percent bonds maturing in 2013, according to a person with direct knowledge of the matter.
The Mumbai-based company may decide to increase the size of the issue to meet demand, said the person, who asked not to be identified as the matter is private.
Telephone calls for comment to Chief Financial Officer Surinder Mohan's office made outside of office hours weren't answered.
To contact the reporter on this story: Suprotip Ghosh in Mumbai firstname.lastname@example.org .