Latest News | ICICI Bank Raises Rs 5,000 Crore Via Bonds

New Delhi, Dec 12 (PTI) Private sector ICICI Bank on Monday said it has raised Rs 5,000 crore through bonds to fund business growth.

The bank has allotted 50,000 senior unsecured redeemable long term bonds in the nature of debentures aggregating to Rs 5,000 crore on private placement basis, the date of allotment being December 12, 2022, it said in a regulatory filing.

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The bonds are redeemable at the end of 7 years (redemption date being December 12, 2029), it said.

There are no special rights or privileges attached to the bonds, it added.

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The bonds carry a coupon of 7.63 per cent payable annually and were issued at par, it said, adding, the bonds would be listed in the relevant segment of the NSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)