ICICI Bank raise $2 bn through international bond issue

MUMBAI: ICICI Bank, the country's second largest lender, on Thursday said it has mobilised about two billion dollars through an overseas bond issue.
   
The bond offering had a USD 6.05-billion order book with strong interest from over 250 investors, a bank release said.
   
The bank has priced a benchmark five-year fixed rate note of USD 2 billion, acting through its Bahrain branch. The five-year fixed rate notes carry a coupon of 6.625 per cent.
   
From a geographical breakdown perspective, there was a very widespread participation with 43 per cent of the notes sold into the US. Asia and Europe accounted for 37 per cent and 16 per cent respectively, it said.
   
From an investor breakdown perspective, 53 per cent of the notes were sold to fund managers, 32 per cent to banks and 15 per cent to pension funds and retail investors.
   
The issue was managed by Deutsche Bank AG, Goldman Sachs International and Merrill Lynch International.