MUMBAI, May 11 (Reuters) - India's ICICI Home Finance Co
has accepted bids worth 3.15 billion rupees ($38.52 million) for
bonds maturing in five years, three merchant bankers said on
Thursday.
The company will pay a coupon of 7.85% on this bond issue,
for which it had invited bids from investors and bankers earlier
in the day.
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)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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