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

Larsen & Toubro is planning to raise Rs 100 crore 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. AFP[/caption]

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.

Reuters