ICICI Bank has raised Rs 5,000 crore through senior unsecured redeemable long-term bonds in the nature of debentures and allotted 50,000 bonds on private placement basis, date of allotment being December 17, 2021. The bonds are redeemable at the end of 10 years (redemption date being December 17, 2031). There are no special rights/ privileges attached to the bonds.
The bonds carry a coupon of 6.96% p.a. payable annually and were issued at par. The bonds would be listed in the relevant segment of the NSE. The bonds are rated ‘AAA; Stable’ by Credit Analysis & Research and ‘AAA; Stable’ by ICRA.
ICICI Bank is a leading private sector bank in India.
