The strategy committee of ICICI Prudential Life Insurance Company in its meeting held on 29 October 2020 approved the terms of issuing debt instruments in the nature of 12,000 rated, listed, subordinated, redeemable, taxable, unsecured, fully paid-up, non-cumulative, non-convertible debentures (Debentures), each having a face value of
Rs.10,00,000/- (Rupees Ten Lakh only), aggregating to Rs 1200 crore, being the issue size, for cash, at par, in dematerialised form, on private placement basis (Issue), subject to regulatory and any other approval(s), as may be required.
Further, the details in relation to the Issue including
the coupon rate shall be intimated in due course.
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