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    HomeNewsBusinessCompaniesICICI Home Finance raises Rs 176 cr via bonds

    ICICI Home Finance raises Rs 176 cr via bonds

    ICICI Home Finance today said it has raised Rs 176 crore through an issue of bonds on private placement basis.

    March 23, 2016 / 21:43 IST

    ICICI Home Finance today said it has raised Rs 176 crore through an issue of bonds on private placement basis.

    The company in a regulatory filing said that its committee of directors "approved allotment of 3,520 number of unsecured redeemable senior bonds in the nature of debentures of face value of Rs 5 lakh each aggregating to Rs 1.76 billion on private placement basis issued under multiple options".

    This is part of the company's plans to raise an overall Rs 955 crore.

    Last week, it had said that the company will raise up to Rs 955 crore in tranches by issuing debentures on private placement basis.

    ICICI Home Finance, part of the ICICI Group, is in the business of mortgage finance and realty space.

    first published: Mar 23, 2016 09:26 pm

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