ICICI bank raises Rs 5000 crore through bonds

13 Dec 2022 , 07:56 AM

On Monday, the private ICICI Bank said that it has raised Rs 5,000 crore through bonds to support corporate expansion.

According to a regulatory filing, the bank has allocated 50,000 senior unsecured redeemable long-term notes in the form of debentures totalling Rs5,000 crore on a private placement basis, with the date of the allotment being December 12, 2022.

The bonds are redeemable after seven years on December 12, 2029, according to the statement.

The bonds are not associated with any unique rights or advantages, it was added.

The bonds were offered at par and had an annual coupon of 7.63%, according to the statement. It also stated that the bonds would be listed in the appropriate section of the NSE.

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