By Sarah Lizee
Olympia, Wash., Feb. 18 – Icici Bank Ltd. allotted Rs. 9.45 billion of 7.1% subordinated tier 2 debentures due Feb. 17, 2030 at par, according to a press release.
The 9,450 Basel 3-compliant debentures were allotted on a private placement basis on Feb. 17.
The debentures are callable after five years.
Icici Bank is based in Mumbai.
| Issuer: | Icici Bank Ltd.
|
| Issue: | Basel 3-compliant subordinated tier 2 debentures
|
| Amount: | Rs. 9.45 billion
|
| Maturity: | Feb. 17, 2030
|
| Coupon: | 7.1%
|
| Price: | Par
|
| Allotment date: | Feb. 17
|
| Ratings: | CARE: AAA
|
| ICRA: AAA(hyb)
|
| Distribution: | Private placement
|
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