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Market Chatter: ICICI Bank Raise $1 Billion Through Five-Year Bonds

MT Newswires Live
Jul 24

ICICI Bank (NSE:ICICIBANK, BOM:532174) has raised $1 billion through a five-year senior unsecured dollar bond, priced at a spread of 100 basis points over US Treasuries, according to a Business Standard report on Thursday.

The bonds carry a coupon rate of 5.46%, with the issue being 2.2 times oversubscribed after attracting orders of more than $2.3 billion, the report said.

This is the private sector lender's first public US dollar bond issuance in nine years, since 2017.

ICICI Bank did not immediately respond to MT Newswires' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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