ICICI Bank raises 750M dollar bond
ICICI Bank's Indian operations increased their dollar-denominated borrowings to over two billion dollars within a month, through the issuance of new bonds valued at 750 million dollars with a five-year tenure, at discounted rates and with a record-breaking demand exceeding two billion dollars. This move is part of efforts to boost liquidity and reduce financing costs, amid strong interest from international investors in Indian debt assets with stable investment-grade ratings, amidst a wave of offerings by Indian banks under the preferential swap window launched by the Reserve Bank of India in June.
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