India New Issue-ICICI Home Finance to issue multiple tenor bonds, bankers say
MUMBAI, Nov 22 (Reuters) -India's ICICI Home Finance plans to raise 6 billion rupees ($71.04 million), which includes 1.50 billion rupees from a greenshoe option, by selling bonds maturing in three years and three months and in 10 years, three bankers said on Friday.
The company invited bids from bankers and investors on Monday, 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. 22
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
ICICI Home Finance | 3 years and 3 months | To be decided | 3.50+0.50 | Nov. 25 | AAA (Crisil) |
ICICI Home Finance | 10 years | To be decided | 1+1.50 | Nov. 25 | AAA (Crisil) |
Mindspace Business Parks REIT | 3 years and 2 months | To be decided | 5 | Nov. 25 | AAA (Crisil, Icra) |
Ultratech Cement | 10 years | 7.22 | 10 | Nov. 25 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 84.4640 Indian rupees)
Reporting by Dharamraj Dhutia; Editing by Abinaya Vijayaraghavan
Editing by
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
