ICICI Bank raises Rs 3595 crore through bonds

ICICI Bank has raised Rs 3595 crore through senior unsecured redeemable long-term bonds in the nature of debentures and allotted 35,950 bonds on private placement basis. The bonds are redeemable at the end of 7 years (redemption date being November 26, 2028). There are no special rights/ privileges attached to the bonds. The bonds carry a coupon of 6.67% p.a. payable annually and were issued at par.

ICICI Bank is a leading private sector bank in India.

Bhupendra Singh Chundawat

Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.