ICICI Bank, the country’s largest private sector bank, yesterday sold $1 billion of 5.75 per cent, 10-year bonds overseas, taking advantage of lower interest rates in the US compared to the local market, where rates have been rising.
This is the third $1-billion bond sale by an Indian company in 2010. State Bank of India (SBI) in July raised $1 billion in five-year overseas bonds and Reliance Industries in October sold $1 billion of 10-year bonds. With about $7.45 billion raised from bond sales, 2010 overtakes $6.84-billion bond sales in 2007 in dollar terms. In terms of all currencies, the $7.96 billion raised in 2007 is still higher than the $7.45 billion raised so far this year.
crackcrack| Company Name | CMP |
|---|---|
| HDFC Bank | 790.00 |
| ICICI Bank | 1316.85 |
| Axis Bank | 1341.60 |
| Kotak Mahindra Bank | 367.55 |
| Indusind Bank | 815.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: