LIC picks up APSEZ's entire Rs 5K cr issue
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LIC picks up APSEZ's entire Rs 5K cr issue
MUMBAI : State-owned Life Insurance Corporation (LIC) on Thursday entirely subscribed to the ₹5,000 crore bond issue of Adani Ports and Special Economic Zone (APSEZ) at a coupon rate of 7.75 per cent, said sources privy to the development. APSEZ tapped the domestic capital market on Thursday to raise ₹5,000 crore through 15-year bonds. This was its largest-ever rupee-denominated bond issue and also its first 15-year bond sale. “There was only on…
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