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

ICICI Securities

16/05/2023 11:03

MUMBAI, May 16 (Reuters) - India's ICICI Securities
 ICCI.NS  plans to raise funds by selling commercial papers
maturing in three months, three merchant bankers said on
Tuesday.
    The company will offer a yield of 7.33% on the issue and has
received commitments worth around 2 billion rupees ($24.46
million) so far, the bankers said.
    The notes are rated A1+ by Crisil.
    Earlier in the day, it had issued a similar maturity CP
issue with a yield of 7.35%.

($1 = 81.7800 Indian rupees)

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