ICICI Bank Limited — Important, 27-06-2025: General Updates

ICICI Bank has announced a board meeting to approve fundraising through issuance of ₹1,000 Cr unsecured, subordinated, Tier 2 Basel III compliant bonds via private placement. The 15-year bonds carry a 7.45% coupon with annual interest payments and have received CARE AAA; Stable and ICRA AAA (Stable) ratings. The bank holds call options starting after 10 years. The issue is listed on NSE, enhancing the bank’s capital base without asset security. Additional interest of 2% applies if payments are delayed beyond three months.