20 stories mentioning BOM:532174Updated 2d ago
Every FINWIRES story that references BOM:532174, newest first.
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
ICICI Bank (NSE:ICICIBANK, BOM:532174) allotted 336,265 equity shares of face value of 2 Indian rupees each under its Employee Stock Option Scheme 2000, according to an Indian bourse filing on Friday.
Indian conglomerate Reliance Industries (NSE:RELIANCE) is looking to raise around 125 billion Indian rupees through local-currency bonds in its first such offering since 2023, Bloomberg News reported Tuesday, citing people familiar with the matter.The offering will reportedly feature a base issue size of 100 billion rupees, supplemented by a greenshoe option of 25 billion rupees. The AAA-rated notes will carry a five-year maturity and an annual coupon of 7.47%, with the offering expected to launch as early as next week, the report said.Reliance has tapped Axis Bank (NSE:AXISBANK, BOM:532215), ICICI Bank (NSE:ICICIBANK, BOM:532174), HDFC Bank (NSE:HDFCBANK, BOM:500180) and YES Bank (NSE:YESBANK, BOM:532648) to serve as arrangers for the issuance.None of the involved parties immediately responded to' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
(Updates to add Taurus Group's statement in 6th paragraph)Indian state-owned power sector financier REC (BOM:532955, NSE:RECLTD) issued 5 billion rupees in tokenized corporate bonds under the Securities and Exchange Board of India's regulatory sandbox framework, according to a Monday exchange filing.The offering received bids worth about 7.96 billion rupees, making it roughly eight times oversubscribed.REC accepted 5 billion rupees at a coupon rate of 7.30% per annum for a tenor of one year and nine months. The bonds were allotted, settled and listed on NSE and BSE on the same day.Top lenders HDFC Bank (NSE:HDFCBANK, BOM:532174) and ICICI Bank (BOM:532174, NSE:ICICIBANK) are among the buyers of REC's tokenized bonds, Bloomberg News reported separately, citing people familiar with the matter.The buyers also included private lenders Axis Bank (NSE:AXISBANK, BOM:532215) and Yes Bank (BOM:532648, NSE:YESBANK), as well as AK Capital Services, ICICI Securities Primary Dealership, Taurus Group and Trust Investment Advisors, according to the report.In a statement to, Taurus Corporate Advisory Services Investment Banking Head Gaurav Kute confirmed the firm's participation, calling the transaction an "important turning point" for India's corporate bond market that will enable faster settlement.The other lenders did not immediately respond to' request for comment.
Indian state-owned power sector financier REC (BOM:532955, NSE:RECLTD) issued 5 billion rupees in tokenized corporate bonds under the Securities and Exchange Board of India's regulatory sandbox framework, according to a Monday exchange filing.The offering received bids worth about 7.96 billion rupees, making it roughly eight times oversubscribed.REC accepted 5 billion rupees at a coupon rate of 7.30% per annum for a tenor of one year and nine months. The bonds were allotted, settled and listed on NSE and BSE on the same day.Top lenders HDFC Bank (NSE:HDFCBANK, BOM:532174) and ICICI Bank (BOM:532174, NSE:ICICIBANK) are among the buyers of REC's tokenized bonds, Bloomberg News reported separately, citing people familiar with the matter.The buyers also included private lenders Axis Bank (NSE:AXISBANK, BOM:532215) and Yes Bank (BOM:532648, NSE:YESBANK), as well as AK Capital Services, ICICI Securities Primary Dealership, Taurus Group and Trust Investment Advisors, according to the report.The lenders did not immediately respond to' request for comment.
ICICI Bank (NSE:ICICIBANK, BOM:532174) completed the issuance of $500 million senior unsecured fixed-rate notes through its IFSC Banking Unit, according to a Thursday exchange filing.The notes will be listed on the Global Securities Market of India International Exchange, the Debt Securities Market of NSE IFSC and the Singapore Exchange.
ICICI Bank (BOM:532174) filed for the listing of $1 billion 5.410% senior bonds due 2031 on the Singapore bourse, according to a filing with the Singapore Exchange on Friday.The bonds will be listed and quoted on the Bonds Market on Aug. 31, the filing said.
ICICI Bank's (NSE:ICICIBANK, BOM:532174) board approved a revised borrowing limit of up to $5 billion through bonds, notes and offshore certificates of deposit in overseas markets, according to an Indian bourse filing on Friday.
ICICI Bank (NSE:ICICIBANK, BOM:532174), through its IFSC Banking Unit, priced $750 million of senior bonds under the bank's $7.5 billion Global Medium Term Note Program.The five-year senior unsecured fixed-rate bonds carry a 5.417% coupon and will mature on Aug. 21, 2031, according to a Tuesday filing on Indian exchanges.Proceeds will be used for general corporate purposes.
ICICI Bank (BOM:532174) is arranging an overseas syndicated loan worth about $1.45 billion, taking advantage of a central bank policy that reduces hedging costs, Bloomberg News reported Friday, citing people familiar with the matter.Initially secured with Bank of America for roughly $1 billion, the deal is now being expanded to include several other international lenders, including Mizuho Bank, Mashreqbank and United Overseas Bank, the news wire said.Priced at 110 basis points over Secured Overnight Financing Rate or SOFR, the four-year facility may grow further as more banks join, the publication said.ICICI, Bank of America, Mizuho Bank and Mashreqbank did not immediately respond to' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
ICICI Bank (BOM:532174) filed for the listing of $1 billion 5.459% senior bonds due 2031 on the Singapore bourse, according to a filing with the Singapore Exchange on Thursday.The bonds are expected to be listed and quoted on the Bonds Market on or about July 31, the bank said.
ICICI Bank (NSE:ICICIBANK, BOM:532174) has raised $1 billion through a five-year senior unsecured dollar bond, priced at a spread of 100 basis points over US Treasuries, according to a Business Standard report on Thursday.The bonds carry a coupon rate of 5.46%, with the issue being 2.2 times oversubscribed after attracting orders of more than $2.3 billion, the report said.This is the private sector lender's first public US dollar bond issuance in nine years, since 2017.ICICI Bank did not immediately respond to' request for a comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
ICICI Bank (NSE:ICICIBANK, BOM:532174) has an average rating of buy and mean price target of 1,729.32 Indian rupees, according to analysts polled by FactSet.
ICICI Bank (NSE:ICICIBANK, BOM:532174) has an average rating of buy and mean price target of 1,700.47 Indian rupees, according to analysts polled by FactSet.
ICICI Bank's (BOM:532174, NSE: ICICIBANK) profit after tax rose 16% to 148.1 billion Indian rupees for the fiscal first quarter, from 127.7 billion rupees a year earlier.The bank's net interest income increased by 13% to 243.8 billion rupees in the quarter ended June 30 from 216.4 billion rupees the year-ago period, according to a stock exchange filing on Monday.Non-interest income, excluding treasury, increased by 16% year-on-year to 84.3 billion rupees from 72.6 billion rupees a year earlier.
ICICI Bank (NSE:ICICIBANK, BOM:532174) issued 335,705 equity shares on Tuesday under its employee stock option scheme, according to a same-day exchange filing.
ICICI Bank (NSE:ICICIBANK, BOM:532174) allotted over 1.2 million equity shares with a face value of 2 rupees each on June 5, under the ICICI Bank Employees Stock Unit Scheme-2022, according to a same-day filing on Indian bourses.Shares of the were up nearly 1% in after-market hours.
Icodex Publishing Solutions (BOM:544483) has received its board's approval to avail credit facilities worth 108 million Indian rupees from ICICI Bank (NSE:ICICIBANK, BOM:532174), according to a BSE filing on Wednesday.The loan will be used for the company's working capital, general corporate purposes, and capital expenditure.
ICICI Bank (NSE:ICICIBANK, BOM:532174) has an average rating of buy and mean price target of 1,670.80 Indian rupees, according to analysts polled by FactSet.
ICICI Bank's (NSE:ICICIBANK, BOM:532174) fiscal fourth quarter profits after tax grew by 8.5% on-year to $1.4 billion, while total advances, or loans, grew 15.8% on-year in the same period, the financial house reported on Saturday.Bank ICICI reported that it extended loans heavily to the business side of its loan portfolio in the fiscal fourth period and year, ended March 31.While the bank's retail loan portfolio grew by 9.5% on-year in the fourth period, the ICICI business-loan portfolio grew by 24.4%on-year, reported ICICI.Meanwhile, total ICICI Bank deposits increased by 11.4% on-year to $189.2 billion, at the end of the fiscal fourth quarter.The bank operation is well-capitalized, said ICICI.The bank's total capital adequacy ratio at the end of the fourth period was 17.18% and the common equity tier 1 (CET1) ratiowas 16.35%, which was above the regulatory requirements of 11.70% and 8.20% respectively, advised ICICI.Based on the financial results, the ICICI board recommended a dividend equivalent to $ 0.25 per ADS (American Depositary Share)..Established in 1955, ICICI Bank is part of the ICICI Group. It was established by the World Bank, the Government of India, and industry representatives to foster industrial development.ICICI is one of India's largest financial houses, and is regarded as one of three domestic "systemically important banks" by the central bank Reserve Bank of India (RBI). The other two such banks are HDFC Bank (NSE:HDFCBANK, BOM:500180, HDB) and the State Bank of India (NSE:SBIN, BOM:500112).ICICI shares on Monday closed up 0.9%.
ICICI Bank's (NSE:ICICIBANK, BOM:532174) consolidated net profit rose to 147.55 billion Indian rupees in the fiscal fourth quarter ended March 31, from 135.02 billion rupees a year ago.Earnings per share climbed to 20.36 rupees from 18.84 rupees a year earlier, the bank said in a filing to the Indian bourses on Saturday. The EPS was higher than the 18.83 rupees estimated by analysts polled by Visible Alpha.Interest earned by the lender in fiscal Q4 increased to 495.9 billion rupees from 483.9 billion rupees a year ago.The bank's board recommended a dividend of 12 rupees per equity share of face value of 2 rupees each for the financial year ended March 31.
