Stock Report

ICICI Bank Ltd raises Rs. 3595 crore through bonds



Posted On : 2021-11-26 20:50:37( TIMEZONE : IST )

ICICI Bank Ltd has allotted 35,950 senior unsecured redeemable long term bonds in the nature of debentures aggregating to INR 3,595.0 crore on private placement basis, date of allotment being November 26, 2021. The bonds are redeemable at the end of 7 years (redemption date being November 26, 2028). There are no special rights/ privileges attached to the bonds.

The bonds carry a coupon of 6.67% p.a. payable annually and were issued at par. The bonds would be listed in the relevant segment of the NSE.

The bonds are rated "CARE AAA; Stable" by Credit Analysis & Research Limited and "[ICRA]AAA; Stable" by ICRA Limited.

Shares of ICICI Bank Limited was last trading in BSE at Rs. 721.95 as compared to the previous close of Rs. 750.90. The total number of shares traded during the day was 564268 in over 17843 trades.

The stock hit an intraday high of Rs. 742.10 and intraday low of 718.40. The net turnover during the day was Rs. 412263367.00.

Source : Equity Bulls

Keywords

ICICIBankLimited INE090A01021 IBN Banks PrivatePlacement Bonds FundRaising