India’s Icici Bank to consider issuing unsecured long-term debentures

By Tali Rackner

Minneapolis, Nov. 1 – Icici Bank Ltd. informed the Bombay Stock Exchange that the committee of executive directors will meet on Nov. 6 to consider raising domestic funds by way of issuing senior unsecured long-term bonds.

The debentures could also be in the form of Basel III compliant unsecured subordinated perpetual additional tier 1 bonds.

The debt would be issued in single and/or multiple tranches on a private placement basis.

Icici Bank is based in Mumbai.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.