The countrie’s largest private sector bank has bang the international bont market with issuing 500 million dollars around 3,346.25 crore. ICICI wouild be the first from a private sector domestic financial institute this year.
The Industrial sources told that “ICICI Bank is in the overseas debt market with a planned $500 million (nearly Rs 3,346.25 crore) bond sale which will have a 10-year maturity. The bank has given a pricing guidance of 230 basis points above the US treasury”
Somehow, when the city head quartered lender asked he refused to comment saying the issue is yet to be closed, the sources said.