ICICI Bank is planning to raise $150 million in offshore borrowing this fiscal. The bank’s committee of executive directors, in a meeting held on October 10, 2017 approved the same.
The bank, under its GMTN (global medium-term note) programme, acting through its DIFC (Dubai) branch, tapped its existing 3.25 percent fixed rate notes maturing September 2022 for an amount of $150 million on private placement basis.
With this, the bank’s outstanding amount under this ISIN (International Securities Identification Number) would be $650 million.
