ICICI Bank Ltd.

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Large Cap | Bank - Private
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ICICI Bank mops up 100 million Swiss Francs through bond issue

Date: 12-12-2012

ICICI Bank, India’s largest private sector bank, has raised 100 million Swiss Francs through a seven-year bond issue. The bonds have been rated ‘Baa2/stable’ by Moody’s and ‘BBB-/negative’ by Standard & Poor’s.

The bond was priced at coupon and re-offer yield of 2.75%. This is the first Swiss franc (CHF) issue in seven-year maturity by an Indian borrower.

The bank has posted a rise of 30.13% in its net profit at Rs 1956.11 crore for the quarter ended September 30, 2012 as compared to Rs 1503.19 crore for the same quarter in the previous year. Total income has increased by 21.95% at Rs 12069.30 crore for quarter under review as compared to Rs 9897.17 crore for the quarter ended September 30, 2011.