MUMBAI, April 26 (Reuters) - India's ICICI Home Finance
Co Ltd has accepted bids worth 2.5 billion rupees ($30.6
million) for bonds maturing in 20 months, three merchant bankers
said on Wednesday.
The housing finance company will pay a coupon of 7.90% on
this bond issue for which it had invited bids from bankers and
investors earlier in the day.
The notes are rated AAA by CRISIL and ICRA and the issue
will be settled later this week. The bonds 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 = 81.7250 Indian rupees)
(Reporting by Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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