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ICICI Bank raises Rs 475 crore through bonds

05 Oct 2017 Evaluate

ICICI Bank has raised Rs 475 crore through allotment of Basel III compliant bonds on private placement basis. The bonds will carry a coupon rate of 8.55 per cent per annum. The bonds will be listed on wholesale debt market segment of BSE and NSE. The bonds are rated AA+ by CARE and ICRA.

ICICI Bank is India’s largest private sector bank by consolidated assets. The Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management.

Peers
Company Name CMP
HDFC Bank 703.80
ICICI Bank 1357.00
Axis Bank 1243.90
Kotak Mahindra Bank 440.80
Indusind Bank 876.25
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