ICICI Bank raises $ 750 m from 5-yr bonds

ICICI Bank raises $ 750 m from 5-yr bonds

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.