ICICI Bank to raise Rs 8,000 cr via bonds for transport, power projects

Private sector lender ICICI Bank is planning to raise upto Rs 8,000 crore through infrastructure bonds to finance projects in sectors like transport and power and affordable housing.

Debt market sources said while the private lender is raising upto Rs 8,000 crore in current round, rating agency Crisil  has assigned “AAA/Stable” for Rs 10,000 crore of bonds. Lenders have always an option to raise money in tranches.

The issue size is Rs 500 crore with green shoe of Rs 7,500 crore. It will be a 10-year paper. The interest rate rate scenario is unclear due to volatility in markets. The