ICICI Bank 2008 Annual Report Download - page 106

Download and view the complete annual report

Please find page 106 of the 2008 ICICI Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 188

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188

F32
schedules
forming part of the Accounts (Contd.)
Rupees in million
Particulars Date of Issue Coupon Rate (%) Tenure Amount
Option I August 24, 2006 7.25% (semi-annually)1Perpetual215,510.0
Total (Tier I) 15,510.0
1. Coupon rate of 7.25% payable semi-annually on April 30 and October 31 of each year, at a fixed rate per annum of 7.25% till
October 31, 2016 and thereafter semi-annually in arrears on April 30, and October 31 of each year at a variable rate equal to six monthly
LIBOR plus 2.94%.
2. Call option exercisable after 10 years i.e. on August 23, 2016 and on every interest payment date thereafter (exercisable with RBI
approval).
Rupees in million
Particulars Date of Issue Coupon Rate (%) Tenure Amount
Tranche 1 Option I August 9, 2006 10.10% (semi-annually)1Perpetual22,330.0
Total (Tier I) 2,330.0
1. Coupon rate of 10.10% payable semi-annually for first 10 years, 100 basis points over and above the coupon rate of 10.10% i.e. 11.10%
payable semi-annually for the balance years, if the call option is not exercised by the Bank.
2. Call option exercisable after 10 years i.e. on August 9, 2016 and on every interest payment date thereafter (exercisable with RBI
approval).
Rupees in million
Particulars Date of Issue Coupon Rate (%) Tenure Amount
Tranche 1 Option II January 15, 2007 9.40% (annual)115 years2940.0
Total (Upper Tier II) 940.0
1. Coupon rate of 9.40% payable annually from January 15, 2007 upto April 30, 2017 and 10.40% payable semi-annually thereafter, if the
call option is not exercised by the Bank.
2. Call option exercisable on April 30, 2017 (exercisable with RBI approval).
Rupees in million
Particulars Date of Issue Coupon Rate (%) Tenure Amount
Option I January 12, 2007 6.375% (semi-annually)115 Years233,135.0
Total (Upper Tier II)333,135.0
1. Coupon rate semi-annually in arrears at fixed rate per annum equal to 6.375% till April 30, 2017 and thereafter semi-annually in arrears
at six monthly LIBOR plus 2.28%, if the call option is not exercised by the Bank.
2. Call option exercisable on January 12, 2017 (exercisable with RBI approval).
3. The above bonds issued for Upper Tier II capital have been excluded from the capital adequacy ratio (CRAR) computation, pending
clarification required by Reserve Bank of India regarding certain terms of these bonds.
Rupees in million
Particulars Date of Issue Coupon Rate (%) Tenure Amount
Option I December 27, 2006 six-monthly libor + 1.40%
(semi-annually)1
15 Years26,639.0
Total (Upper Tier II) 6,639.0
1. Floating rate six monthly LIBOR plus 1.40% payable semi-annually on April 15 and October 15 of each year, till April 15, 2017 and
thereafter semi-annually in arrears on April 15 and October 15 of each year at a rate equal to six monthly LIBOR plus 2.40%, if the call
option is not exercised by the Bank.
2. Call option exercisable on December 27, 2016 (exercisable with RBI approval).
ICICI_BK_AR_2008_(F1_F46).indd 32ICICI_BK_AR_2008_(F1_F46).indd 32 6/20/08 3:25:32 PM6/20/08 3:25:32 PM