Saturday, June 20, 2009

ICICI Home Fin to raise 1.5 bn rupees via bonds

ICICI Home Finance Company plans to raise at least 1.5 billion rupees through bonds next week, two sources, including a company executive, said on Friday.

"We have some commitments lined up. Intend to open an issue next week and target 1.5 billion rupees," the executive said, adding that the issue would have a greenshoe option to retain oversubscription.

The 18-month bonds offer a coupon of 7.5 per cent, and 24-months bonds offer 7.6 per cent, the executive added.

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