By Susanna Moon
Chicago, Sept. 20 – Icici Bank Ltd. issued Rs. 10.8 billion of 8.55% unsecured subordinated perpetual additional tier 1 bonds.
The Basel 3-compliant notes were issued at par on a private placement basis, according to a 6-K filing with the Securities and Exchange Commission.
The issued was approved at the committee of executive directors meeting on Wednesday.
The bonds will be listed in the Wholesale Debt Market segment of BSE Ltd. or National Stock Exchange of India Ltd.
Icici Bank is based in Mumbai.
| Issuer: | Icici Bank Ltd.
|
| Amount: | Rs. 10.8 billion
|
| Maturity: | Perpetual
|
| Description: | Unsecured subordinated tier 1 bonds
|
| Coupon: | 8.55%
|
| Price: | Par
|
| Yield: | 8.55%
|
| Allotment date: | Sept. 20
|
| Ratings: | Care: AA+
|
| ICRA: AA+
|
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