India New Issue-ICICI Prudential Life accepts bids for bond issue, bankers say

Icici Prudential Life Insurance

27/11/2025 06:32

MUMBAI, Nov 27 (Reuters) - India's ICICI Prudential Life Insurance ICIR.NS has accepted bids worth 11.95 billion rupees ($133.86 million) for bonds maturing in 10 years, three bankers said on Thursday.

The insurer will pay an annual coupon of 7.69% and had invited coupon and commitment bids for the issue earlier in the day, they said.

The bonds will have a call option at the end of five years.

The company did not reply to a Reuters email seeking comment.

  Here is the list of deals reported so far on November 27:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
ICICI Prudential Life
10 years
7.69
11.95
November 27
AAA (Crisil, Icra)
Bharti Telecom
2 years
7.30
42.50
November 28
AAA (Crisil)
Bharti Telecom
3 year and 2 months
7.40
42.50
November 28
AAA (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 89.2700 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)

 ((Dharamraj.dhutia@tr.com))