ICICI Bank Ltd.

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.