ICICI Bank Limited has informed the Exchange about disclosure under Regulation 30 read with para A of part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
ICICIBANK · price
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ICICI Bank has allotted 1,000 unsecured, subordinated, listed, non-convertible Tier 2 Basel III compliant bonds to identified investors on a private placement basis. The total issue size is ₹10,000 million (₹10,000 crore), with each bond carrying a face value of ₹10,000,000. The bonds carry a coupon rate of 7.45% per annum, payable annually, and have a 15-year tenor with a call option exercisable by the bank after 10 years. The bonds have been rated AAA with a stable outlook by both CARE Ratings and ICRA, and will be listed on the NSE. The allotment was made pursuant to the board's approval dated April 19, 2025, for raising funds through debt securities to strengthen the bank's capital base.
This ₹10,000 crore Tier 2 bond issuance will bolster ICICI Bank's regulatory capital under Basel III norms, supporting growth in advances and balance sheet expansion. The 7.45% coupon at AAA rating indicates competitive pricing for the bank's credit profile, and the dilution-free nature of debt means no impact on existing shareholders' equity.