International Business

ICICI Bank raises $750 m from 5-yr bonds

ICICI Bank today said it has raised $750-million (around Rs 3,465 crore) by issuing five-year bonds at its Bahrain branch. - Tata Steel completes $546-mn exchange offer for CARS - ICICI, HUL among world"s best companies for leaders - Markets have a sedate start - ICICI takes up staff retraining to brush up image - ICICI to raise funds for overseas business - Risk management minimises downside The issue, which had an order book of over $3-billion, was participated by over 250 investors, the country"s second largest lender said in a press release here. "The 5.33-year fixed rate notes carry a coupon of 5.5 per cent, which translates to 292.6 basis points spread over equivalent Libor," the bank said. Last month, the country"s largest lender State Bank of India raised $750-million through the issue of five-year bonds abroad.

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