ICICI Bank to raise Rs 10 bn via bonds

Chanda Kochchar-led ICICI Bank is planning to raise at least 10 billion rupees ($198.47 million) via 6-year bonds at 9.20 percent semi annual coupon, two sources with direct knowledge of the deal said on Friday.

The bonds have been placed with the country's largest life insurer, the state-run Life Insurance Corp of India (LIC), said the sources. ($1 = 50.3850 Indian rupees)

Source: Financial Express