Economic TimesLean R·
More banks may join overseas bond run after ICICI Bank’s bumper dollar bond sale
ICICI Bank successfully raised one billion dollars through its inaugural dollar bond sale. This strong investor demand allowed the bank to double its initial offering size. The successful transaction signals confidence in Indian bank credit from global investors. Other lenders are now preparing to raise dollar bonds using a subsidized hedging facility. This initiative aims to lower borrowing costs and support capital inflows into India.
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