MUMBAI, May 9 (Reuters) - India's ICICI Home Finance Co
plans to raise at least 1.5 billion rupees ($18.3 million)
through the sale of bonds maturing in five years, three merchant
bankers said on Tuesday.
The company will pay a coupon of 7.85% on this bond issue,
for which it has invited bids from investors and bankers on
Thursday, they said.
The issue also has a greenshoe option to retain an
additional subscription of up to 2 billion rupees.
The bonds are rated AAA by ICRA and the issue will be
settled on Friday.
In April, the company raised 2.5 billion rupees via bonds
maturing in 20 months at a coupon of 7.90%.
($1 = 81.7800 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Varun H K)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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