ICICI Bank to raise funds for infra, affordable housing

The country's largest private lender ICICI Bank on Thursday said it plans to raise funds to finance infrastructure and affordable housing by issuing long-term bonds via debentures.

The bank periodically evaluates borrowing opportunities through various instruments, ICICI Bank said in a BSE filing.

"The bank is currently evaluating issuance of long-term bonds in the nature of debentures for lending to long-term projects in infrastructure and affordable housing on a private placement basis," it said.

The bank will consider its borrowing proposal at its meeting of Committee of Executive Directors any time next week starting from March 21, it added.