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ICICI Banks looks to raise fund via bonds

Press Trust of India  |  New Delhi 

Country's largest private sector lender today said it is planning to raise fund by issuing long-term bonds.

The Committee of Executive Directors of the will meet on June 20 to consider the proposal, said in a regulatory filing.

However, the bank did not mention the quantum of fund it wants to raise.

The bank said the committee will consider on "fund raising by way of issuance of senior unsecured long-term bonds in the nature of debentures in single/multiple tranches on private placement basis".

of the bank today closed 0.70 per cent down at Rs 316.90 on the

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 15 2017. 21:02 IST