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.