ICICI launches Rs 800-crore bond offering

Our Banking Bureau

Mumbai, Dec 10: ICICI has come up with its sixth public offering of Rs 400-crore unsecured redeemable bonds in the form of debentures, with a Rs 400-crore greenshoe option for subscription from December 15. The issue will close on Dec 29.

Interest rates for the bonds range between 8.75% and 10%. ICICI has, however, reduced its interest rate to 9.75 per cent from 10 per cent under the third scheme of its regular income bond, sources in ICICI pointed out. There are six types of bond issues: tax saving bond, encash bond, regular income bond, money mutiplier bond,children growth bond and ‘floating rate bond’.