ICICI Bank lands $1bn dollar bond at 5.46%—largest private‑sector issue in 14 years
ICICI Bank sold a $1 billion five‑year dollar bond at a 5.46% coupon—100 bps over U.S. Treasuries—making it the biggest private‑sector dollar issue in India in 14 years. The deal drew $3 billion of bids, underscoring strong overseas demand, and will fund the bank’s general corporate needs. The pricing, tighter than peers, reflects RBI’s new low‑cost hedging facility.