ICICI Bank raises $150 mn

The Committee of Executive Directors of ICICI Bank, in the meeting held on May 10, 2017, had approved the offshore borrowing plan for the Financial Year 2017-18. The Bank, under its GMTN programme, acting through its DIFC (Dubai) branch, tapped its existing 3.25% Fixed Rate Notes maturing September 2022 (ISIN : XS1576750951), for an amount of USD 150 million on a private placement basis. With this, the outstanding amount under this ISIN would be USD 650 million. The notes would be listed on the Singapore Stock Exchange.

Shares of ICICI BANK LTD. was last trading in BSE at Rs.269.25 as compared to the previous close of Rs. 271.85. The total number of shares traded during the day was 1468156 in over 5696 trades.

The stock hit an intraday high of Rs. 272.9 and intraday low of 269.2. The net turnover during the day was Rs. 395950456.

Source : Equity Bulls

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