 "ICICI Bank")
ICICI Bank is likely to raise up to Rs 10,000 crore through infrastructure bonds for project financing and affordable housing.
These long-term bonds carry the benefit of exemption from maintaining cash reserve ratio (CRR) and statutory liquidity ratio (SLR).
This helps them to mitigate the asset-liability management (ALM) problems faced in extending project loans to infrastructure and core industry sectors. Bond market sources said these bonds could be issued in one or more tranches based on requirements and market conditions.
Rating agency ICRA has assigned “AAA” rating to the proposed infrastructure bond offering by ICICI Bank.
ICICI Bank’s borrowing through long-term infrastructure bonds stood
