ICICI Bank raises $750 million as Indian banks tap dollar bond market

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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