Indian banks queue up to tap dollar bond market

ICICI Bank and Union Bank of India launch dollar bonds amid keen demand from investors for quality paper.
<div style="text-align: left;"> ICICI Bank: Investors placed orders for $5.7 billion of bonds from the Indian bank </div>
<div style="text-align: left;"> ICICI Bank: Investors placed orders for $5.7 billion of bonds from the Indian bank </div>
August 16, 2012

Indian banks are taking full advantage of the strong demand for quality paper, with ICICI Bank closing a $750 million five-and-a-half year bond early Wednesday morning, after attracting $5.7 billion worth of orders.

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