ICICI Bank Allots Basel III Compliant Tier 2 Bonds worth ₹394.50 Crore
ICICI Bank allots Basel III compliant Tier 2 bonds worth ₹394.50 crore on private placement basis. The bonds have a tenure of 15 years and a coupon rate of 7.40%.
The debt fundraising is a routine financial activity for the bank and is unlikely to have a significant impact on its overall performance. However, it provides additional capital for the bank's operations.
The announcement is a factual disclosure regarding the allotment of bonds and does not contain any explicit positive or negative sentiment.
* ICICI Bank allotted 3,945 unsecured, subordinated, listed, non-convertible, Tier 2, Basel III compliant bonds on private placement basis on November 28, 2025. * The bonds have a face value of ₹10,000,000 each, aggregating to ₹394.50 crore. * The bonds are rated “CARE AAA; Stable” by CARE Ratings Limited and “[ICRA] AAA (Stable)” by ICRA Limited. * The tenure of the instrument is 15 years from the deemed date of allotment, subject to exercise of any call option by the Bank at the end of 10 years and every year thereafter. * The date of maturity is November 28, 2040, subject to exercise of any call option by the Bank. * The coupon rate is 7.40%, with interest payable annually from the deemed date of allotment until the maturity date. * In the event of delay in the payment of interest amount and/or principal amount on the applicable due date(s), the Bank shall pay additional interest of 2% per annum in addition to the respective coupon rate payable on the Bonds, on such amounts due, for the defaulting period.
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ICICI Bank Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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