Business Standard

Icici To Launch 10 Bonds In Fiscal

Image

BUSINESS STANDARD

ICICI Ltd will launch a total of 10 bonds this fiscal and will sell government bonds through its outlets. The financial institution has firmed up plans to sell government bonds to the general public. The bonds will be made available in about a months time in all its 100 ICICI Centre and also be available at its portal icici.com.

To be launched in another months time, the FI has taken an elaborate plan to market the securities in the retail market. "This is line with the governments decision to make government bonds available to small time investors," explained the executive director of ICICI, Kalpana Morpria.

 

Meanwhile ICICI has reduced its exposure to the steel sector to 10 per cent from 11 per cent in the previous year. The FI has also taken up measures like effective structuring to mitigate credit risk among others to reduce its net non-performing asset level to five per cent this fiscal.

ICICI has also taken up internationally practiced credit risk mitigation techniques and is the process of development of structured financial solutions.

The institution is also in the process of developing new ways of enhancing flexibility for both lenders and borrowers through customised products and facilitation of the debt market through promotion of securitisation, creation of market for non-AAA or AA+ papers through collateralised loan obligations and widening market access for corporates.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 22 2001 | 12:00 AM IST

Explore News