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

ICICI Securities

31/03/2023 09:22

MUMBAI, March 31 (Reuters) - India's ICICI Securities
 ICCI.NS  plans to raise funds by selling commercial papers
maturing in three months, three merchant bankers said on Friday.
    The company will offer a yield of 7.20% on this issue and
has received commitments worth around 1 billion rupees ($12.17
million) so far, the bankers said.
    The notes are rated A1+ by CRISIL and will mature in June. 

($1 = 82.1950 Indian rupees)

 (Reporting by Dharamraj Dhutia; editing by Uttaresh
Venkateshwaran)
 ((Dharamraj.dhutia@tr.com))