ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED ICICI Lombard General Insurance Company Limited has decided to exercise Call Option and redeem 10.5%, 350 unsecured, subordinated, fully paid-up, listed, redeemable and non-convertible debentures, each having a face value of 1,000,000 issued on April 30, 2019 (deemed date of allotment) ("the Debentures") in full along with payment of final interest due thereon on April 30, 2024, as per the terms and conditions of the Information Memorandum. The said Debentures are listed on debt market segment of the National Stock Exchange of India Ltd. Record Date is April 14, 2024. Total Issue size: Up to INR 350,000,000.
Coupon payment frequency: Annually and on maturity. Redemption Date: 10 years from the deemed allotment date. Call date: At the end of five completed years from the Deemed Allotment Date and at the end of every year thereafter before the Redemption Date.
Such call option may only be exercised by the Issuer.
