Debt issued News
ICICI raises $750 mn in overseas bonds
Four other banks ready to tap the market.
To fund the expansion of its overseas business, ICICI Bank, the country’s largest private lender, has raised $750 million (Rs 3,498 crore) in dollar-denominated senior unsecured debt issued from its Bahrain branch.
The 64-month fixed rate notes carry a coupon of 5.5 per cent, which translates to a spread a 292.6 basis points over the equivalent London
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