ICICI's $300m bond deal sets new record

India's largest private-sector lender returns with an aggressively priced $300 million deal that sets a new pricing benchmark.

ICICI's $300m bond deal sets new record

ICICI Bank, India’s largest private-sector lender, sold the country's tightest senior bank note since 2008, raising $300 million from a five-and-a-half year transaction.

The Reg S sale captured more than $900 million of orders, with more than half of the deal selling to banks and private banking accounts, two sources familiar with the matter told FinanceAsia.

A combination of the tight credit spread environment in Asia, India’s improving credit...

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