ICICI Bank’s US $ 500 Million International Bond Offering

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    ICICI Bank has raised up to $500 million by selling five-year dollar bond sale, the bank said in the press release.

    This is the first such dollar bond by the bank in 2015.

    ICICI Bank’s US $ 500 Million International Bond Offering
    ICICI Bank: Quotes, News
    BSE 357.00BSE Quote1 (-0.28%)
    NSE 356.75NSE Quote1.15 (-0.32%)

    With this, the domestic companies have so far raised USD 8 billion in international debt so far this calendar year, which is nearly 50 per cent down from the same period last year, reports, PTI.

    ICICI Bank, acting through its DIFC (Dubai) branch, priced an issuance of 5 year fixed rate notes of an aggregate principal amount of US$ 500 million, said in the press release.

    The notes are offered only outside the United States to non-US persons under Regulation S of the U.S. Securities Act of 1933, as amended.

    The notes carry a coupon of 3.125% and were offered at an issue price of 99.574.

    Shares of the company were seen trading at Rs 308 lower by 0.84 per cent on BSE at 10.49 am IST. It touched an intra-day low of Rs 307 and high of Rs 313 during the trade


    Read more about: icici bank bond
    Story first published: Thursday, August 6, 2015, 10:49 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more