ICICI Bank to raise Rs 8,000 cr via bonds for transport, power projects

Private sector lender ICICI Bank is planning to raise up to Rs 8,000 crore through infrastructure bonds to finance projects in the transport and power and affordable housing sectors.

Debt market sources said while the private lender is raising up to Rs 8,000 crore in the current round, rating agency CRISIL has assigned “AAA/Stable” for Rs 10,000 crore of bonds. Lenders have always an option to raise money in tranches.

The issue size is Rs 500 crore with a green shoe of Rs 7,500 crore. The interest rate scenario is unclear due to volatility in markets. The highly rated long-term paper (10-year)