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ICICI Bank raises Rs 5,000 crore by issuing bonds

The private sector lender said that the bonds are redeemable at the end of 10 years (redemption date December 17, 2031).

December 17, 2021 / 19:32 IST
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ICICI Bank has raised Rs 5,000 crore debt capital by issuing bonds on a private placement basis, the bank said on Friday.

The board of directors of the bank had in April this year approved to raise funds by issuing debt securities.

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"Pursuant to the same, the bank has allotted 50,000 senior unsecured redeemable long term bonds in the nature of debentures aggregating to Rs 5,000 crore on private placement basis,” ICICI Bank said in a regulatory filing.

The bond allotment date is December 17, 2021, it said.