India New Issue-ICICI Home Finance accepts bids for 3-year bonds, bankers say
MUMBAI, Nov 13 (Reuters) -India's ICICI Home Finance ICICH.UL has accepted bids worth 6 billion rupees ($71.1 million) for bonds maturing in three years, three bankers said on Wednesday.
The company will pay an annual coupon linked to the 91-day Treasury bill yield, and had invited bids from bankers and investors earlier in the day, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Nov. 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
ICICI Home Finance | 3 years | Linked to 91-day T-bill | 6 | Nov. 13 | AAA (Crisil) |
DCB Bank | 10 years | To be decided | 2+2 | Nov. 14 | AA- (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 84.3750 Indian rupees)
Reporting by Dharamraj Dhutia; Editing by Varun H K
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