ICICI Bank gains on raising Rs 5000 crore through bonds
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ICICI Bank is currently trading at Rs. 930.60, up by 1.30 points or 0.14% from its previous closing of Rs. 929.30 on the BSE.
The scrip opened at Rs. 931.00 and has touched a high and low of Rs. 931.40 and Rs. 927.70 respectively. So far 1846481 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 958.00 on 30-Nov-2022 and a 52 week low of Rs. 642.00 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 934.75 and Rs. 920.65 respectively. The current market cap of the company is Rs. 648389.27 crore.
The Institutions holding in the company stood at 89.73%, while Non-Institutions held 10.28% stake in the company.
ICICI Bank has raised Rs 5000 crore through allotment of 50,000 senior unsecured redeemable long term bonds in the nature of debentures on private placement basis, the date of allotment being December 12, 2022. The bonds are redeemable at the end of 7 years (redemption date being December 12, 2029). There are no special rights/ privileges attached to the bonds.
The bonds carry a coupon of 7.63% 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 ‘AAA /Stable’ by CARE Ratings, ‘AAA /Stable’ by CRISIL Ratings and ‘AAA /Stable’ by ICRA.
ICICI Bank is a leading private sector bank in India.
