ICICI Bank hits overseas debt market with $500-mn issue

Private sector lender ICICI Bank today hit the overseas debt market with a USD 500-million dollar-denominated bond issue and is expected to close the 5.5-year issue tonight.

"The benchmarket issue will be sold through the Dubai International Fianance Centre branch of the bank, and the lead-managers have given a price guidance of 1.55 per cent over the US treasury," merchant bankers told

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)