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.
