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ICICI Bank advances after making international bond offering

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rose 0.85% to Rs 308.60 at 9:20 IST on after the said that it has made $500 million international bond offering.

The announcement was made after market hours yesterday, 7 December 2017. The stock had gained 2.2% to Rs 306 yesterday, 7 December 2017, ahead of the announcement.

Meanwhile, the Sensex was up 170.22 points or 0.53% at 33,122.54.

On the BSE, 22,970 shares were traded on the counter so far as against the average daily volumes of 10.09 lakh shares in the past one quarter. The stock had hit a high of Rs 309.95 and a low of Rs 306.65 so far during the day. The stock had hit a 52-week high of Rs 332.30 on 17 November 2017 and a 52-week low of Rs 224.45 on 27 December 2016.

The stock had underperformed the market over the past one month till 7 December 2017, falling 1.99% compared with the Sensex's 1.26% drop. The stock had, however, outperformed the market over the past one quarter, rising 4.54% as against the Sensex's 4.06% rise. The scrip had also outperformed the market over the past one year, gaining 30.24% as against the Sensex's 25.58% rise.

The large-cap has equity capital of Rs 1284.25 crore. Face value per share is Rs 2.

acting through its DIFC (Dubai) branch, priced an issuance of 10 year fixed rate notes for an aggregate principal amount of $500 million. The notes were sold under the 144A/RegS format. The notes carry a coupon of 3.8% and were offered at an issue price of 99.728.

On 10 May 2017, the committee of the executive directors of the bank had approved the borrowing plan for the financial year ending 31 March 2017, through offshore fund raising in single/multiple tranches in any currency through public/placement by way of issuances of debt instruments etc.

ICICI Bank's net profit fell 33.7% to Rs 2058.19 crore on 17.6% decline in total income to Rs 18763.29 crore in Q2 September 2017 over Q2 September 2016.

is one of the leading sector banks in

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

First Published: Fri, December 08 2017. 09:26 IST