Mumbai, Oct 29: ICICI Bank is to make its fifth public offering of unsecured redeemable bonds aggregating Rs 400 crore on October 30 with a right to retain oversubscription of upto the same amount. The interest rates have been lowered slightly to 5.6 per cent (5.75 per cent earlier) for tax saving bond and 5.75 per cent (six per cent) for regular income bond.

The issue would close on November 15, the country's largest private sector bank said in a release here today.
ICICI Bank was launching this offering under the umbrella prospectus approved by Securities and Exchange Board of India, it said adding, the issue offers tax saving and regular income bonds.
ICRA and CARE have assigned "AAA" rating to the issue. Non-resident Indians were also eligible to invest in these bonds on both repatriable and non-repatriable basis. Bureau Report