ICICI Bank raises $1 billion overseas bond issue

India’s largest private sector lender ICICI Bank raised USD 1 billion or around Rs 4,492 crore through an international bond issuance of 5.5 years carrying a coupon of 4.75%. It offered an issue price of 99.665% from its Dubai branch, said a release sent by the bank.

May 20, 2011 / 18:33 IST

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Moneycontrol Bureau

India

first published: May 20, 2011 11:56 am

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ICICI Bank raises &#36;1 billion overseas bond issue

India’s largest private sector lender ICICI Bank raised USD 1 billion or around Rs 4,492 crore through an international bond issuance of 5.5 years carrying a coupon of 4.75%. It offered an issue price of 99.665% from its Dubai branch, said a release sent by the bank.

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ICICI Bank raises $1 billion overseas bond issue