Khaitan & Co Advised ICICI Securities Limited On Issuance Of NCDs

Khaitan & Co Advised ICICI Securities Limited on Issuance of NCDs

The leading law firm in India, Khaitan & Co acted as legal counsel to ICICI Securities Limited (“Issuer”) in connection with its issue of 50,000 fully paid, unsecured, rated, listed, redeemable, non-convertible debentures aggregating to INR 5,000 million (including an option to retain oversubscription of up to INR 2,500 million), on a private placement basis (“Issue”).

The bidding for the Issue was successfully completed through the electronic book provider platform of NSE under a coupon discovery process, and the debentures were allotted on a multiple yield allotment basis. The Issue has been assigned “CRISIL AAA / Stable” and “[ICRA] AAA (Stable)” ratings by CRISIL Ratings Limited and ICRA Limited, respectively.

ICICI Securities Primary Dealership Limited acted as sole arranger to the Issue.

The Khaitan & Co core team advising the Issuer comprised Manisha Shroff (Partner), Arijit Sarkar (Partner), Siddarth Goel (Senior Associate), Akshansh Sharma (Senior Associate) and Shubha Ojha (Associate).

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