ICICI Bank Ltd raises Rs. 4000 crores through NCDs

ICICI Bank Ltd has allotted 4,00,000 senior unsecured redeemable long-term bonds in the nature of nonconvertible debentures aggregating to ₹ 4,000.0 crore on private placement basis, the date of allotment being October 3, 2023. The bonds are redeemable at the end of 10 years (redemption date being October 3, 2033). There are no special rights/ privileges attached to the bonds.

The bonds carry a coupon of 7.57% 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 CARE Ratings Limited, "CRISIL AAA/Stable" by CRISIL Ratings Limited and "[ICRA] AAA (Stable)" by ICRA Limited.

Shares of ICICI Bank Limited was last trading in BSE at Rs. 940.35 as compared to the previous close of Rs. 952.05. The total number of shares traded during the day was 174800 in over 10108 trades.

The stock hit an intraday high of Rs. 953.00 and intraday low of 939.00. The net turnover during the day was Rs. 164840311.00.

Source : Equity Bulls

Keywords

ICICIBank INE090A01021 IBN FundRaising NCDs