ICICI Bank approves allotment of Senior Unsecured Redeemable Long Term Bonds

The Committee of Executive Directors of ICICI Bank at its meeting held today has approved the allotment of 21,470 Senior Unsecured Redeemable Long Term Bonds in the nature of Debentures aggregating INR 21.47 billion on private placement basis, deemed date of allotment being June 27, 2017. The notes were issued in two tranches-INR 4.00 billion maturing in 7 years at a coupon of 7.42% p.a. payable annually and INR 17.47 billion maturing in 10 years at a coupon of 7.47% p.a. payable annually. The notes 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 AAA/Stable by Credit Analysis & Research Limited and [ICRA] AAA/Stable by ICRA Limited.

Shares of ICICI BANK LTD. was last trading in BSE at Rs.288 as compared to the previous close of Rs. 291.5. The total number of shares traded during the day was 711953 in over 4882 trades.

The stock hit an intraday high of Rs. 293.1 and intraday low of 283.5. The net turnover during the day was Rs. 204447503.

Source : Equity Bulls

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