ICICI Bank raises $500 mn

ICICI Bank raises $500 mn

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ICICI Bank logo

 

ICICI Bank announced that the Committee of Executive Directors of the Bank at its meeting held on May 10, 2017 had approved the proposed borrowing plan for the Financial Year 2017-18.

ICICI Bank, acting through its DIFC (Dubai) branch, priced an issuance of 10 year fixed rate notes for an aggregate principal amount of US$ 500 million. The notes were sold under the 144A/RegS format.

The notes carry a coupon of 3.80% and were offered at an issue price of 99.728.

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
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