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ICICI Home Finance to raise Rs150 cr via bonds

ICICI Home Finance to raise Rs150 cr via bonds
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First Published: Fri, Jun 19 2009. 12 19 PM IST
Updated: Fri, Jun 19 2009. 12 19 PM IST
Mumbai: ICICI Home Finance Company plans to raise at least Rs50 crore through bonds next week, two sources, including a company executive, said on Friday.
“We have some commitments lined up. Intend to open an issue next week and target Rs150 crore,” the executive said, adding that the issue would have a greenshoe option to retain oversubscription.
The 18-month bonds offer a coupon of 7.5%, and 24-months bonds offer 7.6%, the executive added.
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First Published: Fri, Jun 19 2009. 12 19 PM IST