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ICICI Bank to raise Rs 1,200 cr through bond issue

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Press Trust of India Mumbai

ICICI Bank, the country's second largest lender, today said it plans to raise Rs 1,200 crore through the issue of upper tier-II bonds.

The bonds carry a coupon rate of 9.95 per cent and have a tenure of 15 years with a call option after 10 years, an ICICI Bank spokesperson told PTI here.

The issue has a green shoe option of Rs 300-crore.

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First Published: Mar 24 2009 | 8:37 PM IST

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