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

ICICI Securities

12/04/2023 09:22

MUMBAI, April 12 (Reuters) - India's ICICI Securities
 ICCI.NS  plans to raise funds by selling commercial papers
maturing in three months, three merchant bankers said on
Wednesday.
    The company will offer a yield of 7.30% on the issue and has
received commitments worth around 1 billion rupees ($12.19
million) so far, the bankers said.
    The notes are rated A1+ by Crisil.

($1 = 82.0400 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
 ((Dharamraj.dhutia@tr.com))