ICICI Bank raises $300 million through bond issue

Mumbai March 3 (IANS) Lending major ICICI Bank on Friday informed the stock exchanges that it has raised $300 million through the issuance of bonds.

ICICI Bank acting through its DIFC (Dubai) branch priced an issuance of 5.5 year fixed rate notes for an aggregate principal amount of $300 million the lending major informed the stock exchanges.

The notes were sold under the RegS format. The notes carry a coupon of 3.25% and were offered at an issue price of 99.447.

CurRently ICICI Bank is India s largest private sector bank by consolidated assets. The bank s consolidated total assets stood at $144.7 billion on September 30 2016.

--IANS
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