MoneyWorks4Me

ICICI Bank raises Rs 2100 crore through bonds

16 Sep 2022 Evaluate

ICICI Bank has raised Rs 2100 crore through allotment of 21,000 senior unsecured redeemable long term bonds in the nature of debentures. The bonds are redeemable at the end of 7 years (redemption date being September 15, 2029). The bonds carry a coupon of 7.42% 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 CARE Ratings, ‘AAA/Stable’ by CRISIL Ratings and ‘AAA Stable’ by ICRA.

ICICI Bank is a leading private sector bank in India.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
View more..