India New Issue-ICICI Securities to issue 3-month CP - bankers

ICICI Securities

13/06/2023 09:59

MUMBAI, June 13 (Reuters) - India's ICICI Securities  ICCI.NS  plans to
raise funds by selling commercial papers maturing in three months, at a yield of
7.19%, three merchant bankers said.

 Below is the list of deals reported so far on June 13:  
 Issuer Name              Instrument  Tenure (in    Yield     Amount (in bln
                          type        months)       (in %)    rupees)
 ICICI Securities         CP          3             7.19      8
 Axis Securities          CP          3             7.21      4
 PFC                      CP          3             6.91      20
 JM Financial Services    CP          near 8        8.55      1.50
 
    ($1 = 82.3800 Indian rupees)

 (Reporting by Dharamraj Dhutia)
 ((Dharamraj.dhutia@tr.com))