ICICI Bank to raise Rs 5000 crore through bonds

5paisa Research Team 13th December 2022 - 02:43 pm

On December 13, shares of ICICI opened at Rs 931 and touched an intraday high and low of Rs 934.65 and 927.70, respectively.

ICICI Bank has raised Rs 5000 crore through the allotment of 50,000 senior unsecured redeemable long-term bonds like debentures on a private placement basis, the date of the allotment being December 12, 2022. The bonds are redeemable at the end of 7 years (the 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, providing a diverse range of financial products and services to retail, SME, and corporate clients. The bank has a large network of branches, ATMs, and other points of contact. The institutions holding in the company stood at 89.73%, while non-institutions held a 10.28% stake in the company.

At noon, shares of ICICI Bank were trading at Rs 934.55, up by 5.25 points or 0.56% from its previous closing of Rs 929.30 on the BSE.

ICICI Bank has a TTM P/E of 23.55x. ROE and ROCE stood at 15.16% and 14.01%, respectively. The TTM EPS of the company stood at Rs 39.72.

The BSE group 'A' stock of face value of Rs 2 has a 52-week high and low of Rs 958 and Rs 642, respectively.

Last one week's high and low of ICICI Bank is Rs 934.75 and Rs 920.65, respectively. The current market cap of the company is Rs 648389.27 crore.

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5paisa Research Team

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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