ICICI Bank through its Dubai branch has successfully priced an issuance of 5.5 year fixed rate notes in aggregate principal amount of $1billion. The offering had an order book of $2.70 billion with strong interest from over 220 investors.
The 5.5 year fixed rate notes, which carry a coupon of 4.75%, were offered at an issue price of 99.66%, which translates to a spread of approximately 251.5 basis points over equivalent LIBOR.
The bank’s net profit for the quarter ended March 31, 2011 has surged by 44.40% at Rs 1452.11 crore as compared to Rs 1005.57 crore for the quarter ended March 31, 2010. Its total income has increased by 13.98% at Rs 8797.12 crore for the quarter under review from Rs 7717.82 crore for the corresponding quarter of the previous year.
Company Name | CMP |
---|---|
HDFC Bank | 1437.60 |
ICICI Bank | 1117.80 |
Axis Bank | 1120.40 |
Indusind Bank | 1409.60 |
Kotak Mahindra Bank | 1630.50 |
View more.. |