Mumbai, Nov. 29 -- The bank allotted unsecured, subordinated, listed, non-convertible, Tier 2, Basel III compliant bonds in the nature of debentures each carrying a face value of Rs 1 crore aggregating to Rs 3,945 crore via private placement. The bonds offer a coupon rate of 7.40% and a tenor of 15 years, with maturity on 28 November 2040.

The debentures will be listed on the National Stock Exchange of India. The bonds are rated "CARE AAA; Stable" by CARE Ratings and "[ICRA] AAA (Stable)" by ICRA.

Meanwhile, Reserve Bank of India (RBI) has approved the bank's proposed acquisition of 100% shareholding in ICICI Prudential Pension Funds Management Company (ICICI PFM) from ICICI Prudential Life Insurance Company (ICICI Life), thereby making...