ICICI Bank raises $750m from 5 yr bonds

ICICI Bank today said it has raised USD 750-million (around Rs 3,465 crore) by

RELATED ARTICLES

issuing five-year bonds at its Bahrain branch.

The issue, which had an order book of over USD 3-billion, was participated by over 250 investors, the country's second largest lender said in a press release here.

"The 5.33-year fixed rate notes carry a coupon of 5.5 per cent, which translates to 292.6 basis points spread over equivalent Libor," the bank said.

Last month, the country's largest lender State Bank of India raised USD 750-million through the issue of five-year bonds abroad.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • Scrip’s liquidity, market performance should decide divestment strategy

    It appears that after realising that its disinvestment strategy through follow-on public offers (FPO) has failed in the past three issues, the governm

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

John Mellows

partner and senior advisor to the executive board, Mazars Asia-Pacific

Pravin Kumar Tayal

Former promoter

Girish Paranjpe

joint CEO, Wipro

COLUMNIST

Roopen Roy

Lehman: paying for ‘repocrisy’

On September 15, 2008, Lehman Brothers filed for Chapter 11 ...

Parvez Imam

Life’s lessons: Up, close and personal

Life teaches us lessons every now and then. Som­etimes sweetly, ...

Brandon De Souza

India: A vital cog in Asean golf wheel

Talking about the growth of golf in the Asian region, ...