ICICI readjusts curve with $500m bond

India’s second largest bank sells a new 5.5-year note, pricing it inside its existing funding curve as global investors continue to ride on Modi-fueled enthusiasm.
ICICI raises first Indian bank dollar bond in four months
ICICI raises first Indian bank dollar bond in four months
September 12, 2014

ICICI Bank sold a $500 million 5.5-year bond on Thursday, pricing it tighter than its own funding curve and those of its competitors as global investors continue to buy the Indian story.

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