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ICICI Bank mops up $500 mn in overseas bond sale

The bank has initially given a price guidance of 170 bps over the US treasury for the 144 A RegS issue

Press Trust of India  |  Mumbai 

ICICI Bank plans IPO of broking arm

The largest private sector lender has sold a benchmark bond issue at a coupon of 3.8 per cent to overseas investors.

The $500-million ten-year dollar money was issued through the branch of ICICI Bank, an official at India, which was the sole advisor to the deal, told PTI on Friday.

The bank has initially given a price guidance of 170 bps over the for the 144 A RegS issue, which is part of the bank's medium-term notes programme.

Due to high demand, the pricing came down by 20 bps to 150 bps over the offering a yield of 3.8 per cent to the investor, the i-banker said.

First Published: Fri, December 08 2017. 16:30 IST
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