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)
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