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ICICI Bank to raise Rs 10,000 cr via infra bonds in one or more tranches

Proceeds to be used for project financing, affordable housing

ICICI Bank
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Abhijit Lele Mumbai
ICICI Bank is likely to raise up to Rs 10,000 crore through infrastructure bonds for project financing and affordable housing.

These long-term bonds carry the benefit of exemption from maintaining cash reserve ratio (CRR) and statutory liquidity ratio (SLR).

This helps them to mitigate the asset-liability management (ALM) problems faced in extending project loans to infrastructure and core industry sectors. Bond market sources said these bonds could be issued in one or more tranches based on requirements and market conditions.

Rating agency ICRA has assigned “AAA” rating to the proposed infrastructure bond offering by ICICI Bank.  

ICICI Bank’s borrowing through long-term infrastructure bonds stood

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First Published: Sep 04 2022 | 7:58 PM IST

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