9.90% Icici Bank Limited - AA Rated (INE090A08UC2)

Icici Bank Limited, a Private Sector Bank company, has floated Bond, having ISIN value as INE090A08UC2, with a face value of ₹10,00,000 rs on 28Dec18 to raise 3000 crores. The debt instrument is issued with a coupon rate of 9.90% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Bond is 9.90% UNSECURED RATED LISTED SUBORDINATED PERPETUAL NON CONVERTIBLE FULLY PAID UP BASEL III COMPLIANT PERPETUAL DEBT BOND IN THE NATURE OF DEBENTURES. SERIES DDE18AT. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is listed on BSE stock exchange on 11Jan19 & on NSE stock exchange on 11Jan19. CRISIL RATINGS LIMITED has given AA+ rating to this Bond on 21Dec18. This issuer is formerly known as ICICI LTD. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.