trending Market Intelligence /marketintelligence/en/news-insights/trending/MIzIJJD1lKNNEiKwrKULXg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

ICICI Bank raises 4.75B rupees via bonds

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

ICICI Bank raises 4.75B rupees via bonds

ICICI Bank Ltd. raised 4.75 billion Indian rupees through an allotment of Basel III-compliant Additional Tier 1 bonds on a private placement basis.

The unsecured subordinated perpetual bonds bear a coupon of 8.55% per year and were allotted Oct. 4, according to a Form 6-K filed the same day.

The bonds will be listed on the wholesale debt market segment of the Bombay Stock Exchange or the National Stock Exchange of India, or both.

As of Oct. 4, US$1 was equivalent to 65.03 Indian rupees.