ICICI Bank raises $ 750 m from 5-yr bonds
Mumbai, Nov 21 (PTI)
ICICI Bank said it has raised USD 750-million (around Rs 3,465 crore) by 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.
