ICICI Bank said the bonds will be listed on the NSE exchange. The bonds are rated AAA stable by Care Ratings and ICRA.
ICICI Bank has raised Rs 5,000 crore debt capital by issuing bonds on private placement basis, the bank said on Friday.
The bank’s board of directors had agreed in April of this year to raise funds by issuing debt securities.
“Accordingly, the bank has set aside 50,000 unsecured long-term unsecured redeemable bonds in nature of bonds totaling up to Rs 5,000 crore on private placement basis,” ICICI Bank said in a regulatory filing.
She said the bond allocation date is December 17, 2021.
The private lender said the bonds are redeemable at the end of 10 years (redemption date December 17, 2031).
“There are no special rights/privileges attached to the bonds. The bonds carry a coupon of 6.96 per cent per annum payable annually and issued on par.
ICICI Bank said the bonds will be listed on the NSE exchange. The bonds are rated AAA stable by Care Ratings and ICRA.
ICICI Bank shares closed at Rs 728.20 per share on the Bahrain Stock Exchange, down 1.77 per cent from the previous close.
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