Icici Bank Bonds Oversubscribed By 50 Per Cent

ICICI Bank has mopped up over Rs 1,200 crore through its first bond issue, 50 per cent more than the total issue size.

The bond issue had hit the market with an issue size of Rs 400 crore and a greenshoe option of an equivalent amount. The issue closed for subscription on January 27.

This was the first issue of bonds by a commercial bank in the market. The issue offered three types of bonds