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Published on 12/13/2022 in the Prospect News Emerging Markets Daily.

New Issue: India’s Icici Bank allots Rs. 50 billion 7.63% debentures at par

By Mary-Katherine Stinson

Lexington, Ky., Dec. 13 – Icici Bank Ltd. allotted Rs. 50 billion 7.63% senior redeemable long-term bonds (CARE: AAA/Crisil: AAA/ICRA: AAA), according to a 6-K filing with the Securities and Exchange Commission.

The debentures were issued at par.

The bonds are redeemable on Dec. 12, 2029.

The bonds will be listed on the National Stock Exchange of India.

Icici Bank is based in Mumbai.

Issuer:Icici Bank Ltd.
Amount:Rs. 50 billion
Issue:Debentures
Maturity:Dec. 12, 2029
Coupon:7.63%
Price:Par
Yield:7.63%
Allotment date:Dec. 12
Ratings:CARE AAA
Crisil: AAA
ICRA: AAA

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