ICICI Bank has raised over Rs 2,827 crore by issuing bonds on a private placement basis.

In April, the bank’s board had approved the fundraising through the issuance of debt securities.

"Pursuant to the same, the bank has allotted 28,274 senior unsecured redeemable long-term bonds in the nature of debentures aggregating to Rs 2,827.40 crore on a private placement basis," ICICI Bank said in a regulatory filing.

The bank said the allotment date is 15 June 2021. The redemption date of the bonds is 15 June 2028.

"There are no special rights/privileges attached to the bonds. The bonds carry a coupon of 6.45% per annum payable annually and were issued at par," it added.

The lender said it will list the bonds in the relevant segment.

The bonds are rated ''CARE AAA stable'' by Credit Analysis & Research and ''ICRA AAA stable'' by ICRA.