trending Market Intelligence /marketintelligence/en/news-insights/trending/3WgkAsObPiGCCG0zu-cZgg2 content esgSubNav
In This List

India's ICICI Bank issues 11.40B rupees of additional Tier 1 bonds

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


India's ICICI Bank issues 11.40B rupees of additional Tier 1 bonds

ICICI Bank Ltd. issued 11.40 billion Indian rupees of Basel III-compliant perpetual bonds on a private placement basis.

The unsecured subordinated bonds carry a coupon of 9.90% per year, according to a Form 6-K filed Dec. 28. The bonds will qualify as Additional Tier 1 capital.

The bonds were issued Dec. 28 and will be listed on the wholesale debt market segment of the BSE or the National Stock Exchange of India, or both.

As of Dec. 28, US$1 was equivalent to 69.96 Indian rupees.