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

ICICI Securities

31/07/2023 12:12

(NOTE TO SUBSCRIBERS: Reuters is considering discontinuing the following 'India
New Issue' report. If you have feedback or questions, please contact India
Financial News Editor Ira Dugal Ira.Dugal@thomsonreuters.com prior to July 31)
       MUMBAI, July 31 (Reuters) - India's ICICI Securities  ICCI.NS  plans to
raise funds by selling commercial papers maturing in three months at a yield of
7.22%, three merchant bankers said.


 Below is the list of deals reported so far on July 31
 Issuer Name         Instrument  Tenure (in    Yield     Amount (in bln
                     type        months)       (in %)    rupees)
 ICICI Securities    CP          3             7.22      5
 HDFC Securities     CP          3             7.22      4
 
($1 = 82.2500 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
 ((Dharamraj.dhutia@tr.com))