VERIFIEDET Markets·24 Jul 2026positive

ICICI Bank prices $1 billion debt in largest dollar issue by Indian private lender

AI Summary

·ICICI Bank has issued a $1 billion five-year dollar bond, the largest such issuance by an Indian private lender in nearly 14 years.
·The bond was priced at 100 basis points above U.S. Treasuries, indicating a tighter spread than initially anticipated.
·The offering attracted $3 billion in bids, significantly exceeding the base amount of $500 million.