ICICI Bank dropped 0.76% to Rs 308.75 at 9:53 IST on BSE after the bank said that it has through its DIFC (Dubai) branch, priced an issuance of 5 year fixed rate notes to an aggregate principal amount of $500 million.
The announcement was made after market hours yesterday, 5 August 2015.
Meanwhile, the S&P BSE Sensex was down 5.98 points or 0.02% at 28,217.10.
On BSE, so far 1.16 lakh shares were traded in the counter as against average daily volume of 15.43 lakh shares in the past two weeks.
The stock was volatile. The stock fell as much as 1.09% at the day's low of Rs 307.70 so far during the day. The stock rose as much as 0.9% at the day's high of Rs 313.90 so far during the day. The stock had hit a record high of Rs 393.30 on 28 January 2015. The stock had hit a 52-week low of Rs 280.55 on 8 June 2015.
The notes were offered only outside the United States to non-US persons under Regulation S of the US Securities Act of 1933, as amended. The notes carry a coupon of 3.125% and were offered at an issue price of 99.574.
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ICICI Bank's net profit rose 12.1% to Rs 2976.16 crore on 8.1% growth in total income to Rs 15802.45 crore in Q1 June 2015 over Q1 June 2014.
ICICI Bank is India's largest private sector bank. The bank's presence currently spans across 17 international locations.
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