INSUBCONTINENT EXCLUSIVE:
On Wednesday, shares of ICICI Bank settled 0.79 percent lower at Rs 639.95 each on the BSE.Share price of ICICI Bank edged lower by around
one per cent on Wednesday, June 16, after the nation's second-largest personal bank raised a sum of Rs 2,827 crore by releasing bonds on
personal positioning basis
On Wednesday, June 16, ICICI Bank opened on the BSE at Rs 645.90, inching to an intra day high of Rs 649, and an intra day low of Rs 637.55,
throughout the trading session today
The bonds bring a discount coupon rate of 6.45 per cent per annum, which is payable yearly
The bonds were issued at par.According to a regulative filing by the bank to the stock market, there are no special rights or benefits
The allocation date is June 15 and the redemption date is set as June 15, 2028
The bonds will be noted in the appropriate sector of the National Stock Exchange (NSE)
In addition, on April 24, 2021, ICICI Bank's board of directors had authorized the fund-raising through the issuance of financial obligation
Pursuant to the exact same, the bank has actually allocated 28,274 senior unsecured redeemable long-lasting bonds in the nature of
debentures aggregating to Rs 2,827.40 crore on a private placement basis, said the loan provider in regulative filings at stock
exchanges.The bank stated in a stock exchange filing that it set aside 28,274 senior unsecured redeemable long-lasting bonds in the nature
of debentures aggregating to an amount of Rs 2,827.40 crore, on a private positioning basis
Banks have actually been raising capital in order to insulate them from the surge of bad loans amid the COVID-19 pandemic.On the NSE, ICICI
Bank opened at Rs 644.90, signing up an intra day high of Rs 649.20 and an intra day low of Rs 637.60, throughout the trading session
On Wednesday, shares of ICICI Bank settled 0.79 percent lower at Rs 639.95 apiece on the BSE
