ICICI Bank raises Rs 5,000 cr via infrastructure bonds for funding projects

Private sector lender ICICI Bank has raised Rs 5,000 crore through infrastructure bonds for funding projects in segments like power and roads, etc.  

The coupon for seven-year paper was fixed at 7.63 per cent, about 25 basis points above yield on government benchmark bonds with similar maturity. This fundraise came a day after the Monetary Policy Com­mittee of Reserve Bank of India decided to raise policy repo rate by 35 basis points to 6.25 per cent.

The base issue size for ICICI Bank’s infra bonds was Rs 1,000 crore with greenshoe option of Rs 4,000 crore. The issue received bids for close