CORPORATE WORLD

ICICI Bank raises Rs 1,140 crore via bonds

Staff reporter, New Delhi
29/12/2018   0 Comments

Private sector lender ICICI Bank Friday said it has raised Rs 1,140 crore by issuing Basel III compliant bonds on private placement basis. "The Bank has allotted 11,400 Basel III compliant unsecured subordinated perpetual Additional Tier 1 bonds in the nature of debentures aggregating Rs 11.40 billion on private placement basis," ICICI Bank said in a regulatory filing. The date of allotment is December 28, 2018, it added. The bonds, carrying a coupon of 9.90 per cent per annum, are rated AA+ by rating agencies CARE, ICRA and Crisil. Stock of ICICI Bank closed 1.59 per cent up at Rs 361.05 on BSE. 
 

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