ICICI Bank has raised Rs 5000 crore through allotment of 50,000 senior unsecured redeemable long term bonds in the nature of debentures on private placement basis, the date of allotment being December 12, 2022. The bonds are redeemable at the end of 7 years (redemption date being December 12, 2029). There are no special rights/ privileges attached to the bonds.
The bonds carry a coupon of 7.63% 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.
