“The bond will be priced on Monday with a base issue size of ‘1,000 crore with the option of increasing the size by another ‘4,000 crore. Insurance companies and pension funds which are the only buyers of this security have already been sounded off,” said a person aware of the issue. The company’s debt is rated AAA.
Buy, Sell or Hold: Motilal Oswal maintains buy on LG Electronics; Nuvama, PG recommends buy on Electroplast
Brokerages remain bullish on select stocks despite near-term challenges. Motilal Oswal maintains a Buy on LG Electronics India citing strong demand, while Nuvama backs PG