ICICI Bank Ltd. is considering an offshore U.S.-dollar benchmark bond sale, potentially raising at least $500 million, according to people familiar with the matter cited by multiple outlets. The proposed transaction would be the bank’s first benchmark dollar issuance since 2017, as it looks to take advantage of a recent Reserve Bank of India (RBI) concession that allows greater scope for overseas borrowings. Reporting indicates the discussions are at an early stage, and the final size, terms, timing, and market details have not been publicly confirmed. The concession is described as enabling the bank to access offshore funding more readily than under prior restrictions. Bloomberg and other publications present the same core information: ICICI Bank is in talks for a dollar-denominated benchmark bond issue, with the target amount starting at $500 million, and the rationale tied to the RBI policy change. No additional information about proceeds use, currency hedging, or investor demand is provided in the sources summarized.
ICICI Bank weighs first benchmark dollar bond sale since 2017
ICICI Bank Ltd. is considering an offshore U.S.-dollar benchmark bond sale, potentially raising at least $500 million, according to people familiar with the matter cited by multiple outlets. The propo...
- ICICI Bank is discussing an offshore, U.S.-dollar benchmark bond sale.
- The potential raise is at least $500 million.
- It would be ICICI Bank’s first benchmark dollar bond sale since 2017.
- The bank’s talks are linked to a recent RBI concession allowing more overseas borrowing.
- Details such as final timing and terms are not yet confirmed.
The bank could raise at least $500 million in offshore bonds
2 hours agoICICI Bank Ltd., India’s second-largest private-sector lender, is in talks to raise at least $500 million in offshore bonds as it seeks to capitalize on a recent Reserve Bank of India concession for overseas borrowings, according to people familiar with the matter.
2 hours agoICICI Bank Ltd., India’s second-largest private-sector lender, is in talks to raise at least $500 million in offshore bonds as it seeks to capitalize on a recent Reserve Bank of India concession for overseas borrowings, according to people familiar with the matter.
3 hours ago
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