Financial Daily from THE HINDU group of publications
Saturday, Dec 13, 2003
Financial Daily from THE HINDU group of publications Saturday, Dec 13, 2003 |
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Money & Banking
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Corporate Bonds ICICI Bank to offer bonds for Rs 100 cr Our Bureau
Mumbai , Dec. 12 ICICI Bank has announced the sixth public offering of unsecured redeemable bonds in the nature of debentures aggregating Rs 100 crore with a right to retain Rs 100 crore oversubscription, according to a press release. This is the ICICI Bank's third offering this fiscal under the umbrella prospectus approved by SEBI. The issue, rated `LAAA' by ICRA and `AAA' by CARE, will remain open from December 19 to January 6, 2004. NRIs are also eligible to invest on both repatriable and non-repatriable basis. The redemption period of these tax saving bonds is between 3 and 5.5 years, the release added.
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