MUMBAI, – India’s ICICI Home Finance has accepted bids worth 4.90 billion rupees ($58.94 million) for the sale of bonds maturing in two years and two months, three merchant bankers said on Monday.
The company will pay an annual coupon of 8.0610% on the issue for which it had invited bids from investors and bankers on Thursday, the bankers said. Here is the list of deals reported so far on Jan. 29:
Issuer Tenure Coupon (in %) Issue size (in Bidding Rating bln rupees)* date ICICI Home 3 years and 8.0610 4.90 Jan. 25 AAA (Careedge, Finance 2 months ICRA) * Size includes base plus greenshoe for some issues ($1 = 83.1380 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
