ICICI Bank raises $750m through bond issue

India's second largest lender, ICICI Bank today said it has raised $750-million through the issue of five-year bonds at its Bahrain branch.

Most Read

Business Games | Business Quiz Images: Ratan's tata In Pics: Volkswagen Beetle to cost Rs 20 lakh Images: Treat your smartphone like a computer In Pics: This car runs at 563 kmph! Images: Amazing Hyundai cars In Pics: 'Tower of Dubai' ready to stun the world Images: Six Indian women make it to Forbes' list Follow us on Twitter

The issue, which had an order book of over $3-billion, was participated by over 250 investors, the bank said in a press release issued here.

"The 5.33 year fixed rate notes carry a coupon of 5.5 per cent, which translates to 292.6 basis points spread over equivalent Libor," the bank said.

Last month, country's largest lender, State Bank of India raised $750-million through the issue of five year bonds abroad.

SEARCH