ICICI Prudential Life Insurance Company allots NCDs aggregating Rs 1200 cr

On private placement basis

Nov 06, 2020 04:11 IST capital market

ICICI Prudential Life Insurance Company has allotted 12,000 unsecured, rated, listed, redeemable, subordinated, taxable, fully paid-up, non-cumulative, nonconvertible debentures (?Debentures?) each bearing a face value of Rs 10,00,000 aggregating to Rs 1200 crore, in the nature of subordinated debt instruments, for cash, at par, in dematerialised form, on a private placement basis.

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