ICICI Bank Raises Rs 3,945 Crore via Tier-2 Bonds

ICICI Bank has raised Rs 3,945 crore by allotting 3,945 unsecured, subordinated, Basel III-compliant Tier-2 non-convertible debentures (NCDs) through a private placement. Each debenture has a face value of ₹1 crore and offers a coupon of 7.40%. The tenor is 15 years, with a maturity date of 28 November 2040.

The NCDs will be listed on the National Stock Exchange (NSE) and are rated “CARE AAA; Stable” and “[ICRA] AAA (Stable).”

ICICI Bank, which is India’s second-largest private sector lender, reported a standalone net profit of Rs 12,358.89 crore for Q2 FY26. This is a 5.21% increase year-over-year. Total income rose 3.39% to Rs 49,333.49 crore. The bank’s stock closed 0.24% lower at Rs 1,388.70 on the BSE.