ICICI Bank Ltd.

ICICI Bank, the country’s private sector lender is reportedly planning to raise up to 750 million Chinese Yuan (Renminbi) by issuing 3-year Regulation S (Reg S) bonds. The initial pricing guidance given by issue arrangers is at 4.125%. The bonds are a part of the bank's $5 billion Medium Term Notes (MTN) programme.

Reg S bonds are offered to non-US residents and qualified institutional buyers under an exception to US securities laws enacted in 1990 and do not enjoy the same legal protection as other issues.

ICICI Bank is India's largest private sector bank and the second largest bank in the country, with consolidated total assets of $122 billion at December 31, 2012. The Bank’s presence currently spans 19 countries, including India.