ICICI Bank Eyes $500 Million Offshore Bond Sale After RBI Borrowing Concession
Updated
Updated · Bloomberg · Jul 3
ICICI Bank Eyes $500 Million Offshore Bond Sale After RBI Borrowing Concession
1 articles · Updated · Bloomberg · Jul 3
Summary
$500 million is the minimum ICICI Bank aims to raise in offshore bonds in coming weeks, marking its first benchmark dollar bond sale since 2017.
The planned deal would be issued under the bank's Global Medium-Term Note program, according to people familiar with the private discussions.
RBI's recent concession on overseas borrowings is driving the move, giving India's second-largest private-sector lender a chance to tap foreign debt markets again.