ICICI Bank raises $300 million through bond issue

Mumbai, March 3 (IANS) Lending major ICICI Bank on Friday informed the stock exchanges that it has raised $300 million through the issuance of bonds.

“ICICI Bank, acting through its DIFC (Dubai) branch, priced an issuance of 5.5 year fixed rate notes for an aggregate principal amount of $300 million,” the lending major informed the stock exchanges.

“The notes were sold under the RegS format. The notes carry a coupon of 3.25% and were offered at an issue price of 99.447.”

CurRently, ICICI Bank is India’s largest private sector bank by consolidated assets. The bank’s consolidated total assets stood at $144.7 billion on September 30, 2016.

–IANS

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