 "ICICI Bank to raise $750 mn through overseas bonds")
Private sector lender ICICI Bank said it has raised $750 million through bonds in the international market.
The five-and-a-half-year fixed rate notes carry a coupon rate of 4.70 percent, ICICI Bank said in a statement. The bonds, the bank said, were sold through its Dubai branch.
[caption id=“attachment_419866” align=“alignleft” width=“380”]  Reuters[/caption]
The offering, it said, had an order book of $5.7 billion with interest from over 312 investors. ICICI Bank has a consolidated total assets of $119 billion as on March 31, 2012.
Its presence spans around 19 countries. The bank’s scrip at BSE was trading at Rs 964.50, 0.47 percent down from its previous close.
PTI
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