ICICI Bank has received an approval and allotted 21,470 Senior Unsecured Redeemable Long Term Bonds in the nature of Debentures aggregating Rs 2,147 crore on private placement basis, deemed date of allotment being June 27, 2017. The Committee of Executive Directors of the Bank at its meeting held on June 27, 2017 has approved for the same.
The notes were issued in two tranches- Rs 400 crore maturing in 7 years at a coupon of 7.42% p.a. payable annually and Rs 1,747 crore maturing in 10 years at a coupon of 7.47% p.a. payable annually. The notes were issued at par.
The bonds would be listed in the Wholesale Debt Market segment of BSE and/or National Stock Exchange of India. The bonds are rated CARE AAA/Stable by Credit Analysis & Research and [ICRA] AAA/Stable by ICRA.
