India New Issue-ICICI Bank to issue 7-year infra bonds -traders

CARE Ratings

06/12/2022 14:03

MUMBAI, Dec 6 (Reuters) - ICICI Bank  ICBK.NS  plans to
raise at least 10 billion rupees ($121.42 million) through the
sale of infrastructure bonds maturing in seven years, three
merchant bankers said on Tuesday.
    The private lender has invited coupon and commitment bids
from bankers on Thursday, the bankers said.
    The bonds are rated AAA by CRISIL, ICRA and CARE Ratings.
The issue will close for subscription next week.
    The issue has a greenshoe option to retain an additional 40
billion rupees. 
    In September, the bank had raised 21 billion rupees through 
infrastructure bonds maturing in seven years at an annual coupon
of 7.42%.  
($1 = 82.3580 Indian rupees)
 (Reporting by Dharamraj Dhutia; Editing by Anil D'Silva)
 ((Dharamraj.dhutia@tr.com))