ICICI Bank said it has raised Rs 1,000 crore through bonds to fund business growth
The board of the bank had, at its meeting held on April 19, 2025, approved fundraising through the issuance of debt securities, ICICI Bank said in a regulatory filing.
“Pursuant to the same, the bank has allotted 1,000 unsecured, subordinated, listed, non-convertible, Tier 2, Basel III compliant bonds in the nature of debentures (Bonds), each bearing a face value of Rs 10,000,000 aggregating to Rs 10,000 million for cash, in dematerialised form, on private placement basis today to identified investors,” it said.
The bond with 15 years tenor carries a coupon rate of 7.45 per cent, it said.
