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ICICI Bank planning to raise funds via private placement basis

ICICI Bank planning to raise funds via private placement basis

ICICI Bank is planning to raise funds through issuance of senior unsecured long term bonds/Basel Ill compliant unsecured subordinated perpetual Additional Tier 1 bonds in single/multiple tranches on private placement basis. The Committee of Executive Directors of the bank at its meeting to be held on December 10, 2018 to consider the same.

ICICI Bank is India’s largest private sector bank by consolidated assets. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms.

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