SEBI clears Rs 4,000 cr ICICI bonds

MUMBAI, MAY 6: The Securities and Exchange Board of India SEBI has cleared ICICI8217;s unsecured redeemable bonds aggregating Rs 4000 crore with a green-shoe option of another Rs 4,000 crore.

The amount is proposed to be raised through eight types of bonds, Easy Installment bond, Encash Bond, Money Multiplier or Deep Discount Bond, Index Bond, Tax Saving Bond, Regular Income Bond, Twin Benefit Bond and Monthly Pension Bond, to be raised in one or more tranches, a SEBI statement said here today.

Meanwhile, the Industrial Finance Corporation of India IFCI has filed an application with the market regulator for its proposed rights issue of Rs 353.62 crore at par. The Antifriction Bearings Corporation Ltd has also filed its offer document for a rights issue of 5.78 crore at par.

SEBI has also cleared the rights issue of Hindustan Spinning and Weaving Mills Ltd of Rs 7.39 crore at par.