ICICI prepares new perp deal
ICICI Bank to be the first Indian bank to tap the international tier-1 bank capital market.
ICICI Bank kicked-off roadshows this week for IndiaÆs second ever offshore bank capital deal.
The Mumbai-based bank has hired JPMorgan, Merrill Lynch and Morgan Stanley to sell the proposed hybrid tier-1 perpetual non-call 10-year offering worth a maximum $345 million. However, the market expects that the leads will go out with a deal worth $250 million with an eye on upsizing the deal based on the success of the bookbuild.
Following closely after the completion of UTI BankÆs $150...
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