ICICI Bank Ltd allots 34250 Basel III compliant bonds

The Committee of Executive Directors of ICICI Bank Ltd at its meeting held today has approved the allotment of 34,250 Basel III compliant unsecured subordinated perpetual Additional Tier 1 bonds aggregating INR 34.25 billion on private placement basis, date of allotment being March 17, 2017.

The notes carry a coupon of 9.20% p.a. payable annually and were issued at par.

The bonds would be listed in the Wholesale Debt Market segment of BSE Limited and/or National Stock Exchange of India Limited.

The bonds are rated CARE AA+; Stable by Credit Analysis & Research Limited and [ICRA]AA+ (hyb) by ICRA Limited.

Shares of ICICI BANK LTD. was last trading in BSE at Rs.284.45 as compared to the previous close of Rs. 285.15. The total number of shares traded during the day was 2230165 in over 6272 trades.

The stock hit an intraday high of Rs. 287.4 and intraday low of 282.5. The net turnover during the day was Rs. 634592766.

Source : Equity Bulls

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