ICICI Bank has raised Rs 4,000 crore through allotment of 4,00,000 senior unsecured redeemable long-term bonds in the nature of non-convertible debentures on private placement basis and the date of allotment being October 3, 2023.
The bonds are redeemable at the end of 10 years (redemption date being October 3, 2033). There are no special rights or privileges attached to the bonds. The bonds carry a coupon of 7.57 per cent per annum payable annually and were issued at par. The bonds would be listed in the relevant segment of the NSE.
ICICI Bank is a leading private sector bank in India.
