The Hindu·3 min read·hard
ICICI Bank prices $1 billion debt at tighter spread
R
Reuters
✦AI Summary
ICICI Bank has successfully priced a $1 billion five-year dollar bond at a tighter spread than initially expected, marking the largest such issue by an Indian lender in 14 years. The move was supported by favorable hedging facilities introduced by the Reserve Bank of India.
ICICI Bank has priced a $1 billion five-year dollar bond at a much tighter spread than initially indicated, in the largest such issue by an Indian lender in nearly 14 years, three bankers said.
businesseconomy
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