ICICI Bank Ltd to redeem Perpetual Non-cumulative Subordinated Debt Securities

ICICI Bank Ltd, acting through its Bahrain branch (the "Bank") had issued a US$ 340,000,000 7.25% perpetual non-cumulative subordinated debt securities on August 24, 2006 with an optional redemption by the Bank on October 31, 2016, or on any subsequent interest payment date.

The Bank has decided to redeem the notes on the first call date on October 31, 2016 and has obtained the requisite regulatory approvals for exercising the call option including approvals to make payment from ICICI Bank Limited acting through its Head Office in India.

Shares of ICICI BANK LTD. was last trading in BSE at Rs.250.1 as compared to the previous close of Rs. 250.6. The total number of shares traded during the day was 483662 in over 4140 trades.

The stock hit an intraday high of Rs. 253.1 and intraday low of 249.25. The net turnover during the day was Rs. 121420392.

Source : Equity Bulls

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