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ICICI Bank raises $700 million through offshore bonds

15 Mar 2016 Evaluate

ICICI Bank, acting through its DIFC (Dubai) branch, priced an issuance of 10 year fixed rate notes of an aggregate principal amount of $700 million. The notes were sold under the rule 144A/RegS format. The notes carry a coupon of 4.00% and were offered at an issue price of 99.592.

ICICI Bank is India’s largest private sector bank. The bank’s presence currently spans across 17 international locations.

Peers
Company Name CMP
HDFC Bank 710.20
ICICI Bank 1341.60
Axis Bank 1248.50
Kotak Mahindra Bank 431.25
Indusind Bank 906.95
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