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More banks may join overseas bond run
ICICI Bank's $1 billion dollar bond sale via GIFT City, which drew strong global investor demand and secured lower borrowing costs, is expected to spur more Indian lenders to tap overseas debt markets under the RBI's subsidised hedging facility.
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thehindubusinessline.com
ICICI Bank sets initial guidance for first dollar bond in nearly 9 years
The lender is expected to raise at least $500 million through this issue and has provided guidance of a spread of 130 basis points over the corresponding US Treasury yield
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m.economictimes.com
ICICI Bank sets initial guidance for first dollar bond in nearly 9 years, bankers say
ICICI Bank is returning to dollar debt markets after nine years. The lender seeks to raise at least $500 million through a five-year bond. This issuance leverages the central…
