India New Issue-ICICI Home Finance to issue 3-year bonds, bankers say
MUMBAI, Nov 12 (Reuters) -India's ICICI Home Finance ICICH.UL plans to raise 6 billion rupees ($71 million) through the sale of bonds maturing in three years, three bankers said on Tuesday.
The company will pay an annual coupon linked to the 91-day Treasury bill yield and has invited bids from bankers and investors on Wednesday, 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. 12:
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) |
NHB | 10 years | To be decided | 20+30 | Nov. 14 | AAA (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 84.4020 Indian rupees)
Reporting by Dharamraj Dhutia
Editing by Sumana Nandy
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