/ ICICI Bank Allots Senior Unsecured Redeemable Long-Term Bonds ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 28 June 2017

The committee of Executive Directors of the ICICI Bank at its meeting held on June 27 has approved the allotment of 21,470 Senior Unsecured Redeemable long-term bonds in the nature of debentures aggregating Rs 21.47 billion on private placement basis, deemed date of allotment being June 27, 2017.

The notes were issued in two tranches Rs 4.00 billion maturing in seven years at a coupon of 7.42% p.a. payable annually and Rs 17.47 billion maturing in 10 years at a coupon of 7.47% p.a. payable annually.

The notes were issued at par. The bonds would be listed in the Wholesale Debt Market segment of BSE Limited and/or National Stock Exchange of India Limited. The bonds are rated CARE AAA/Stable by Credit Analysis & Research Limited and [ICRA] AAA/Stable by ICRA Limited.

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