ICICI Bank on Saturday announced that the board of the bank has approved a fund raise of Rs 25,000 crore through private placement of non-convertible debentures (NCDs).
“Fund raising by way of issuances of debt securities including by way of non- convertible debentures in domestic markets upto an overall limit of ₹ 250.00 billion by way of private placement and issuances of bonds/notes/offshore certificate of deposits in overseas markets upto USD 1.50 billion in single/multiple tranches for a period of one year, from the date of passing of resolution by the Board,” the bank said in an exchange filing on Saturday.
The board has also approved buy back of debt securities within the limits prescribed under applicable law.
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ICICI Bank