ICICI Bank increased about Rs 4,500 cr by using bonds

ICICI Bank in the present day mentioned it has increased  about Rs 4,500 cr by using bonds from overseas market.

The 5.5 yr fixed rate note have a coupon of 4.75 %, ICICI Bank said at a announcement.

All these notes were issued through the bank’s Dubai branch, it said.

The proceed from the release is going to be used to fund the bank’s international operations and for common corporate purposes.

The offering had an-order-book of USD 2.70 bn with strong interest through over 220 buyers, it stated.

The bonds were issued under existing USD 5 bn moderate period notes programme.

Be Sociable, Share!
Tags: , ,

Stock Market Basics For Beginners

How does one buy Shares?

How does one buy Shares? Shares are bought and sold on the stock exchanges ( nse , bse market ) -- the two main ones in India are the NSE ...…

Important Share Trading Techniques

Important Share Trading Techniques Share market is one of the buying and selling areas where one can obtain a enormous profit. There are tons of people who earn enormous ...…

What is Listing Agreement?

What is Listing Agreement? During the time of listing securities of a firm on a stock exchange (NSE,BSE), the firm is needed to enter into a listing deal with ...…

What is Lock-in?

What is Lock-in? "Lock-in" implies a freeze on the shares sale for a several time period. SEBI rules have stipulated lock-in needs on stocks of promoters mainly to ...…

Public Provident Fund

Public Provident Fund Public Provident Fund: long-term savings device which has a maturity period of 15 yrs and interest payable at 8 percent per year compounded yearly. A ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV