ICICI Bank Mulls First Benchmark Dollar Bond Sale Since 2017
Bloomberg 2026-07-03 05:25:13
Context: ICICI Bank Ltd., India's second-largest private-sector lender, is considering its first benchmark dollar bond sale since 2017, aiming to raise funds through offshore borrowings. The move comes after the Reserve Bank of India granted a concession for overseas borrowings. The bank is in talks to raise at least $500 million.
Key Facts
- ICICI Bank Ltd. is seeking to raise at least $500 million in offshore bonds, according to people familiar with the matter.
- The potential bond sale would be the bank's first benchmark dollar bond sale since 2017.
- The bank's plans for an offshore bond sale follow a recent concession granted by the Reserve Bank of India for overseas borrowings.