ICICI Bank has raised up to $500 million by selling five-year dollar bond sale, the bank said in the press release.
This is the first such dollar bond by the bank in 2015.
With this, the domestic companies have so far raised USD 8 billion in international debt so far this calendar year, which is nearly 50 per cent down from the same period last year, reports, PTI.
ICICI Bank, acting through its DIFC (Dubai) branch, priced an issuance of 5 year fixed rate notes of an aggregate principal amount of US$ 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