Issue Size is USD 200 million
Larsen & Toubro has announced the launch and price of an accelerated offering of Foreign Currency Convertible Bonds (FCCBs). The FCCBs are convertible into equity shares of the Company at the option of the Bondholders.
Issue Size - USD 200 million
Face Value - USD 200,000 per bond
Coupon - 0.675%, payable semi-annually
Tenor - 5 years and 1 day
Conversion Price - Rs 1916.50 per share
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