ICICI Bank raises $1 billion in largest dollar bond issue
pre-market1 source ↓written by the desknot a recommendation
- through a five-year
- $1 billion
- over the five-year
- 100 basis points
- yield
- 5.46% coupon
- 2.3 times oversubscribed
- in orders
- $2.3 billion
ICICI Bank has raised $1 billion through a five-year senior unsecured US dollar bond, marking the largest single-tranche dollar issue by an Indian issuer this year. The bond was priced at 100 basis points over the five-year US Treasury yield with a 5.46% coupon and was 2.3 times oversubscribed, attracting over $2.3 billion in orders. This reflects strong investor confidence in the bank's credit profile and India's economic outlook.
Not investment advice. For informational purposes only.