Sebi clears ICICI safety bonds issue

Mumbai, Jan 7: ICICI Ltd will make its seventh public offering of unsecured redeemable bonds in nature of debentures aggregating Rs 600 crore under the umbrella prospectus, approved by the Securities and Exchange Board of India (Sebi).

The issue would open for subscription on January 10 and close on January 24, ICICI said in a release here on Monday.

The bonds have been assigned AAA ratings by credit rating agencies like Icra and CARE, signifying highest safety with regard to timely payment of principal and interest, it added.

The issue offers various options under five types of bonds-- Tax Saving Bond, Encash Bond, Regular Income Bond, Money Multiplier Bond and Children Growth Bond, the release said adding non-resident Indians and overseas corporate bodies were also eligible to invest in these bonds (except encash bonds) on both repatriable and non-repatriable basis.

— PTI