Larsen & Toubro completes CB

India''s largest engineering company raises $125 million.

Jackie Horne

November 02, 2004

Larsen & Toubro returned to the convertible bond market on Monday night with a $125 million convertible via ABN AMRO and Citigroup. The deal had been expected for a while, with launch awaiting the announcement of third quarter results and the stock going ex-dividend following the payment of an extraordinary dividend.

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