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Business News/ Companies / People/  LIC Housing Fin raises Rs750 crore
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LIC Housing Fin raises Rs750 crore

Anirudh Laskar

LIC Housing Fin raises Rs750 crore

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Mumbai: LIC Housing Finance Ltd, which has been in the limelight for the past few weeks for the alleged involvement of its former CEO in a bribes-for-loan scam, has raised Rs750 crore through a bond issue. It has raised two-year money at 9.4%, a company release said on Thursday. Banks are currently raising one-year money at 9.25-9.25% in a liqudity-starved financial system.

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ABOUT THE AUTHOR
Anirudh Laskar
Anirudh reports on significant corporate matters including large mergers and acquisitions, India's emerging e-commerce sector and regulatory issues in the corporate and financial services industry. Over the past 17 years, he has covered many beats including banking, NBFCs, aviation, automobile, insurance, markets, SEBI, IRDAI, mutual funds, investment banking, private equity, deals, and conglomerates.
Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
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Published: 09 Dec 2010, 11:30 PM IST
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