LIC Housing Fin raises Rs750 crore

LIC Housing Fin raises Rs750 crore

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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