ICICI Bank plans dollar bond sale under RBI swap window
after close1 source ↓written by the desknot a recommendation
- through a five-year
- $500 million
- is expected
- 45-60 days
ICICI Bank plans its first dollar bond sale in nearly nine years, aiming to raise at least $500 million through a five-year bond issue. The issuance is expected in 45-60 days, pending quarterly results and renewal of its Global Medium Term Note programme. This move aligns with peers HDFC Bank and Axis Bank leveraging the RBI's lower-cost hedging facility for foreign-currency issuance.
Traders should note the potential impact on liquidity and market dynamics as ICICI Bank taps into the dollar bond market.
Not investment advice. For informational purposes only.