ICICI Bank to raise Rs 10 bn via bonds

Chanda Kochchar-led ICICI Bank is planning to raise at least 10 billion rupees ($198.47 million) via 6-year bonds at 9.20 percent semi annual coupon,two sources with direct knowledge of the deal said on Friday.

Written by Agencies | Mumbai | Published:March 16, 2012 10:29 am

Chanda Kochchar-led ICICI Bank is planning to raise at least 10 billion rupees ($198.47 million) via 6-year bonds at 9.20 percent semi annual coupon,two sources with direct knowledge of the deal said on Friday.

The bonds have been placed with the country’s largest life insurer,the state-run Life Insurance Corp of India (LIC),said the sources. ($1 = 50.3850 Indian rupees)

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