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ICICI Bank planning to raise funds on private placement basis

12 Sep 2017 Evaluate

ICICI Bank is planning for fund raising by way of issuance of Basel III compliant unsecured subordinated perpetual Additional Tier 1 bonds in single/multiple tranches on private placement basis. The Committee of Executive Directors constituted by the Board of the Bank is scheduled to have a meeting on September 12, 2017 to consider the same.

ICICI Bank is India’s largest private sector bank by consolidated assets. The Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management.

Peers
Company Name CMP
HDFC Bank 692.30
ICICI Bank 1394.00
Axis Bank 1214.70
Kotak Mahindra Bank 461.00
Indusind Bank 840.00
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