L&T to raise Rs Rs 100 cr in 10-year inflation-linked bonds

DFC is the sole arranger to the deal and the pay-in for the bond is set for May 21

 Larsen & Toubro is planning to raise 1 billion rupees in 10-year inflation-linked bonds at 1.65 percent over wholesale price inflation, a source with direct knowledge of the deal said.

IDFC is the sole arranger to the deal, said the source, adding the pay-in for the bond is set for May 21. The source declined to be identified because the sale has not been made public yet.

A L&T spokesman declined to comment. An IDFC spokesman had no immediate comment.