MUMBAI (Reuters) - Larsen & Toubro is planning to raise 1 billion rupees in 10-year inflation-linked bonds at 1.65 percent overwholesale 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. (Reporting by Archana Narayanan; Editing by Rafael Nam)