MUMBAI, April 24 (Reuters) - India's ICICI Home Finance Co Ltd plans to raise at least 1.50 billion Indian rupees ($18.32 million) through sale of bonds maturing in 20 months, three merchant bankers said on Monday. The housing finance company has invited bids from bankers and investors on Wednesday, the merchant bankers said. The notes are rated "AAA" by CRISIL and ICRA and the issue will be settled later this week. The issue, which has a greenshoe option to retain an additional 1.10 billion rupees, will mature in December 2024. In March, the company raised 650 million rupees selling bonds maturing in 15 months at an annual coupon of 8.00%. ($1 = 81.8990 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Shounak Dasgupta) ((dharamraj.dhutia@tr.com))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.