+
ICICI Bank may raise crores via infra bonds soon
ECONOMY & POLICY

ICICI Bank may raise crores via infra bonds soon

ICICI Bank of India is currently engaged in discussions with potential investors regarding the issuance of longer-tenor infrastructure bonds, marking its initial venture into the debt market for the year, according to three bankers familiar with the matter. The private sector bank is reportedly preparing to enter the market within the next two weeks, with the intention of raising up to 40 billion rupees (approximately $481 million) through bonds that will mature over a period of seven to ten years.

As of the time of reporting, ICICI Bank has not responded to Reuters' request for comment and has yet to officially announce the bond sale. One of the bankers involved in the process stated, "The bank is finalizing the issue details and will enter the market after gauging the response to State Bank of India's infrastructure bonds this week."

State Bank of India (SBI), the nation's largest lender, has outlined plans to generate funds of up to 100 billion rupees through infrastructure bonds with a maturity period of 15 years. SBI has called for bids scheduled for Friday.

In summary, ICICI Bank is in discussions with investors for the issuance of longer-tenor infrastructure bonds and is expected to enter the market in the coming weeks, aiming to raise substantial funds. This move follows the State Bank of India's own infrastructure bond offering, highlighting the continued activity in India's debt market.

ICICI Bank of India is currently engaged in discussions with potential investors regarding the issuance of longer-tenor infrastructure bonds, marking its initial venture into the debt market for the year, according to three bankers familiar with the matter. The private sector bank is reportedly preparing to enter the market within the next two weeks, with the intention of raising up to 40 billion rupees (approximately $481 million) through bonds that will mature over a period of seven to ten years. As of the time of reporting, ICICI Bank has not responded to Reuters' request for comment and has yet to officially announce the bond sale. One of the bankers involved in the process stated, The bank is finalizing the issue details and will enter the market after gauging the response to State Bank of India's infrastructure bonds this week. State Bank of India (SBI), the nation's largest lender, has outlined plans to generate funds of up to 100 billion rupees through infrastructure bonds with a maturity period of 15 years. SBI has called for bids scheduled for Friday. In summary, ICICI Bank is in discussions with investors for the issuance of longer-tenor infrastructure bonds and is expected to enter the market in the coming weeks, aiming to raise substantial funds. This move follows the State Bank of India's own infrastructure bond offering, highlighting the continued activity in India's debt market.

Next Story
Building Material

UltraTech’s Limestone Mine Gets India’s First-Ever 7-Star Rating

UltraTech Cement, India’s largest producer of cement and Ready-Mix Concrete (RMC), has received top honours for sustainable mining practices. Thirteen of the company’s limestone mines were awarded star ratings by the Indian Bureau of Mines (IBM), Ministry of Mines, for FY 2023–24 during a ceremony held in Jaipur, Rajasthan. Among these, the Naokari Limestone Mine—part of UltraTech’s Awarpur Cement Works in Chandrapur, Maharashtra—was awarded India’s first-ever 7-star rating for a limestone mine, in recognition of exceptional performance in ‘Green Mining’. The remain..

Next Story
Infrastructure Urban

Sieger Parking Enters Mumbai Market, Expands West India Presence

Sieger Parking, a Coimbatore-headquartered specialist in automated and multi-level car parking systems, has announced its entry into Western India with the launch of a regional office in Mumbai. This move marks a key milestone in the company’s pan-India growth strategy and its commitment to delivering technology-driven, space-efficient parking solutions across urban India. The Mumbai office will serve as the regional headquarters for Maharashtra and neighbouring states, supporting end-to-end operations with on-ground sales, project management, and service teams. The aim is to fast-track..

Next Story
Resources

IGBC Green Kochi Conclave 2025 Champions Culture and Climate Action

The Indian Green Building Council (IGBC), part of CII, hosted the Green Kochi Conclave 2025 on 4 July at Hotel Holiday Inn, Kochi, under the theme “Tharavadu to Tomorrow: Weaving Kerala’s Heritage into a Sustainable Built Environment.” The event brought together policymakers, architects, developers, and thought leaders to discuss Kerala’s progress in blending cultural heritage with sustainable design.  Kerala is emerging as a frontrunner in climate-resilient development, thanks to passive design strategies, rainwater harvesting, cool roof initiatives, and the widespread adopt..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?