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ICICI Bank's bond issue

MUMBAI DEC. 12. ICICI Bank is to raise Rs. 100 crores through public offering of unsecured redeemable bonds with a right to retain oversubscription of up to the same amount.

The issue will open for subscription on December 19 and close on January 6, 2004, the bank said in a release here today.

The debentures would offer various options under the tax saving bond and non-resident Indians are also eligible to invest in these bonds on both repatriable and non-repatriable basis, it said. The interest rate has been pegged at 5.5 per cent for option I and III with a redemption period of three years and five years respectively

— PTI

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