Mumbai, Dec 8 (PTI) The largest private sector lenderICICI Bank has sold a benchmark bond issue at a coupon of3.833 per cent to overseas investors.
The USD 500-million ten-year dollar money was issuedthrough the Dubai branch of ICICI Bank, an official atCitigroup India, which was the sole advisor to the deal, toldPTI today.
The bank has initially given a price guidance of 170bps over the US treasury for the 144 A RegS issue, which ispart of the bank's medium-term notes programme.
Due to high demand, the pricing came down by 20 bps to150 bps over the US treasury offering a yield of 3.833 percent to the investor, the i-banker said. PTI BEN NPBAS.
This is unedited, unformatted feed from the Press Trust of India wire.