ICICI Bank’s latest dollar bond attracted strong institutional demand, highlighting Indian banks’ growing appetite for overseas funding as Kotak and Yes Bank prepare issues.
ICICI Bank raised $750 million through five-year dollar bonds at 105 basis points over US Treasuries, marking its second dollar issuance in a month. Strong institutional demand helped tighten pricing, while Kotak Mahindra Bank and Yes Bank prepare international bond issues.
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Source: Read the original article on economictimes.indiatimes.com