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2012 October 25   17:36

L&T Shipbuilding plans 2,500 crore bond issue

Exim News Service reported that L&T Shipbuilding is looking to raise INT 2,500 crore through a two tranche bond sale, Exim News Service reports.

It is learnt that the Larsen & Toubro unit plans to sell 5 year bonds with a call option after the third and fourth year. It will also sell 15 year bonds with 11 to 15 year separately tradable and redeemable principal parts and a call option on completion of the 10th year.

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