+
ICICI Bank raises Rs 50 bn to fund business growth
ECONOMY & POLICY

ICICI Bank raises Rs 50 bn to fund business growth

Private sector ICICI Bank said it has raised Rs 50 billion through bonds to fund business growth.

The bank has allotted 50,000 senior unsecured redeemable long term bonds in the nature of debentures aggregating to Rs 50 billion on private placement basis, the date of allotment being December 12, 2022, it said in a regulatory filing.

The bonds are redeemable at the end of 7 years (redemption date being December 12, 2029), it said.

There are no special rights or privileges attached to the bonds, it added.

The bonds carry a coupon of 7.63 per cent payable annually and were issued at par, it said, adding, the bonds would be listed in the relevant segment of the NSE.

Also Read
Recycling of compostable plastic mandatory from 2023-24
Noida metro Aqua Line gets green signal from PIB

Private sector ICICI Bank said it has raised Rs 50 billion through bonds to fund business growth. The bank has allotted 50,000 senior unsecured redeemable long term bonds in the nature of debentures aggregating to Rs 50 billion on private placement basis, the date of allotment being December 12, 2022, it said in a regulatory filing. The bonds are redeemable at the end of 7 years (redemption date being December 12, 2029), it said. There are no special rights or privileges attached to the bonds, it added. The bonds carry a coupon of 7.63 per cent payable annually and were issued at par, it said, adding, the bonds would be listed in the relevant segment of the NSE. Also Read Recycling of compostable plastic mandatory from 2023-24 Noida metro Aqua Line gets green signal from PIB

Next Story
Real Estate

Mahindra Lifespaces Unveils New Tower at Pune's Citadel Project

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has launched a new tower at Mahindra Citadel in Pimpri-Chinchwad, Pune. The launch features premium 1 BHK homes targeted at young professionals, nuclear families, and first-time homebuyers. The new tower is part of the integrated ~9.66-acre Mahindra Citadel project, which has a total Gross Development Value (GDV) of approximately Rs 25 billion. This launch follows strong demand for earlier phases of the project and is located adjacent to the Sant Tukaram Metro Station, offering ..

Next Story
Equipment

BICES 2025 Gears Up with Grand Press Meet in Beijing

The BICES 2025 Press Conference and Exhibitor Preparation Meeting took place in Beijing with participation from nearly 150 attendees, including organiser leaders, exhibitors, users, service providers, and media representatives. Key organisers present included Su Zimeng, Chairman of the China Construction Machinery Association (CCMA); Wu Peiguo, Secretary-General of CCMA and President of Beijing Asiamachine International Convention & Exhibition (BAICE);  Li Jianyou, Vice-Chairman of CCMA; Qi Jun, Honorary Chairman of CCMA; Li Jin, General Manager of China Construction Machiner..

Next Story
Infrastructure Urban

Lucknow To Get Modern Integrated Bus Terminal

The Uttar Pradesh cabinet has approved the development of an Integrated City Bus Terminal and Commercial Zone at the P4 Parking site in Vrindavan Yojna, Lucknow. The project promises to deliver a state-of-the-art facility aimed at improving public transport, easing congestion, and enhancing commuter convenience.Spread over 28,56,728 square feet (7.06 acres), the terminal will be developed on a design, build, finance, operate, and transfer (DBFOT) basis through a public-private partnership (PPP) model. The land, acquired from the Awas Vikas Parishad for Rs 1.5 billion, will be leased to a priva..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?