ICICI Bank increased about Rs 4,500 cr by using bonds

ICICI Bank in the present day mentioned it has increased  about Rs 4,500 cr by using bonds from overseas market.

The 5.5 yr fixed rate note have a coupon of 4.75 %, ICICI Bank said at a announcement.

All these notes were issued through the bank’s Dubai branch, it said.

The proceed from the release is going to be used to fund the bank’s international operations and for common corporate purposes.

The offering had an-order-book of USD 2.70 bn with strong interest through over 220 buyers, it stated.

The bonds were issued under existing USD 5 bn moderate period notes programme.

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