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ICICI Bank, the private sector lender, informed that through the issuance of Basel III-compliant bonds on private placement basis the bank has raised Rs. 1,140 crores.
ICICI Bank said in a regulatory filing, “The Bank has allotted 11,400 Basel III compliant unsecured subordinated perpetual Additional Tier 1 bonds in the nature of debentures aggregating Rs1,140 crore on private placement basis.”
The Bank added that the bonds, carrying a coupon of 9.90% per annum, are rated AA+ by rating agencies CARE, ICRA and Crisil. The bank also stated that the date of allotment is 28 December 2018.
