Live
ICICI Bank Ltd has raised over Rs 2,827 crore by issuing bonds on a private placement basis. Its board of directors in April this year had approved the fundraising through the issuance of debt securities.
“Pursuant to the same, the bank has allotted 28,274 senior unsecured redeemable long-term bonds in the nature of debentures aggregating to Rs 2,827.40 crore on a private placement basis,” ICICI Bank said in a regulatory filing.
The bank said the allotment date is June 15, 2021. The redemption date of the bonds is June 15, 2028. “There are no special rights/privileges attached to the bonds. The bonds carry a coupon of 6.45 per cent per annum payable annually and were issued at par,” it added.
- Larsen and Toubro Subsidiary Plans to Sell Nabha Power for Rs 3,661 Crore
- Singapore Flights to Cost More Over SAF Levy
- Anthropic Opens Bengaluru Office, Expands India Partnerships
- Bill Gates Meets N. Chandrababu Naidu Ahead of AI Summit
- Arkade Developers Shares Gain 1% on Project in Mumbai
The lender said it will list the bonds in the relevant segment. The bonds are rated ‘CARE AAA stable’ by Credit Analysis & Research and ‘ICRA AAA stable’ by ICRA. ICICI Bank’s shares on Tuesday closed 1.57 per cent up at Rs 645.05 apiece on the BSE.
Stock Covered in the news
