MUMBAI, March 24 (Reuters) - India's ICICI Home Finance plans to raise at least 500 million Indian rupees
($6.07 million) through the sale of bonds maturing in 15 months,
three merchant bankers said on Friday.
The housing finance company will pay an annual coupon of 8%
on the issue and has invited commitment bids on Tuesday, they
said.
The notes are rated AAA by CRISIL and ICRA and the issue
will be settled next week.
The offering has a greenshoe option to retain an additional
1.50 billion rupees and will mature in June 2024.
In January, the company raised 3 billion rupees through
bonds maturing in five years at an annual coupon of 7.88%.
($1 = 82.3780 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by
Anil D'Silva)
