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ICICI hits global bond market to raise $750 million

The amount would be raised through the bank’s Dubai International Finance Centre branch.

November 19, 2013 9:46 IST | India Infoline News Service
ICICI Bank on Monday hit the overseas bond market to raise $500-$750 million under its $5 billion global medium-term note (GMTN) programme.

The initial pricing of the loan is 3.75 per cent over the US treasury. The amount would be raised through the bank’s Dubai International Finance Centre branch.

RegS or Regulation S bonds are those offered to non-US residents and qualified institutional buyers and they do not enjoy the same legal protection as other issues do.

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