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

ICICI Securities

24/04/2023 12:22

MUMBAI, April 24 (Reuters) - India's ICICI Securities
 ICCI.NS  plans to raise funds by selling commercial papers
maturing in three months, three merchant bankers said on Monday.
    The company will offer a yield of 7.32% on the issue and has
received commitments worth around 1 billion rupees ($12.21
million) so far, the bankers said.
    The notes are rated A1+ by Crisil.


($1 = 81.8870 Indian rupees)

 (Reporting by Bhakti Tambe; Editing by Janane Venkatraman)
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