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ICICI Bank planning to raise $150 million from offshore markets

12 Oct 2017 Evaluate

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.

 

Peers
Company Name CMP
HDFC Bank 703.80
ICICI Bank 1357.00
Axis Bank 1243.90
Kotak Mahindra Bank 440.80
Indusind Bank 876.25
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