ICICI Home Finance, the housing finance arm of the largest private sector bank in the country, on Thursday began selling subordinated bonds to raise Rs 100 crore.
The latest move was taken by the company to meet its fund requirements.
According to company official, the amount is being raised as subordinated debt and carries a coupon rate of 9.75 per cent, payable annually. The issue will close on April 20.
ICICI Securities Primary Dealership, ICICI Bank and IDFC-SSKI are reported as arrangers to the deal.
With Member of Parliament Ajay Chakraborty allegedly complaining against Bharti Airtel with regard to its revenue reporting on its national long distance license (NLD), the company has come under the scrutiny of the Central Vigilance Commission (CVC). 
Emphasizing that “Firming up a visa strategy is of utmost importance,” the industry body FICCI has said that in order to achieve the 10-million foreign tourists’ target prior to the 2010 Commonwealth Games, the Indian tourism sector needs to focus on an easy visa strategy, tourists’ security and infrastructural improvements. 
Fortune Park Hotels Pvt Ltd has made announcement about the opening of four new hotels in India by July 2009.
In spite of the recent drop in gold prices in India to slightly over Rs 14,200 per
Industrial Development Bank of India Limited (IDBI) a leading public sector bank, has revealed its plan to raise capital worth Rs 5,000 crore through senior, upper and lower Tier II bonds in 2009-10. 
