BANK NEWS
ICICI Bank plans to raise up to Rs 50000-cr from bonds
New Delhi: Private sector ICICI Bank Monday said it plans to raise up to Rs 50,000 crore from bonds in tranches to fund affordable housing and infrastructure projects.
The bank intends to seek Committee of Executive Directors' (COED) approval to raise funds through issuance of long term bonds in the nature of debenture for lending to long term projects in infrastructure and affordable housing on a private placement basis, ICICI Bank said in a regulatory filing.
The proposal would be considered within a period of 10 days commencing from February 18, it added. Zeenews
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