ICICI Prudential Life Insurance Company Limited — QIP/Rights/Pref., 19-12-2024: Allotment of Securities

ICICI Prudential Life Insurance Company Limited has allotted 1,40,000 unsecured, subordinated, non-convertible debentures, each with a face value of ₹ 1,00,000, totaling ₹ 1,400 crore. The debentures carry a coupon rate of 8.03% per annum, payable annually, with a maturity date of December 19, 2034. The funds raised will be utilized for various corporate purposes. The issuing entity has the option to redeem these debentures at par after five years, subject to specific conditions. The debentures will be listed on the National Stock Exchange of India.