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Mumbai, March 18 ICICI Bank has sold retail assets worth Rs 4,895.9 crore to the Special Purpose Vehicle ‘Investment Vehicle for Structured Transaction 1508’ floated by IDBI Trusteeship Services Ltd.

CARE has assigned provisional rating to the Pass Through Certificates (PTC) aggregating to Rs 4,895.90 crore issued by the ‘Investment Vehicle for Structured Transaction 1508’ and backed by assets — loan receivables of new car loans, commercial vehicle loans, personal loans and two-wheeler loans — originated by ICICI Bank Ltd, said a press release from CARE.

The PTCs beyond one-year tenure have been assigned AAA rating while those of shorter maturities have been assigned PR1+(SO).

The underlying pool comprises four asset classes — new car loans at 33 per cent, commercial vehicle loans at 26 per cent, two-wheeler loans at 14 per cent and personal loans at 27 per cent.

More Stories on : Private Banks | Credit Market | ICICI Bank Ltd

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