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Money & Banking - Overseas Borrowings
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ICICI Bank inks $1.5-b loan pact

Our Bureau

Mumbai, Sept 4 ICICI Bank has signed a multi-tranche, dual currency, $1.5-billion syndication loan agreement in Singapore.

A total of 28 banks participated in the syndication facility across the globe, said a bank release.

The facility is split into three tranches: the $500-million 364-day tranche A, the $500-million three-year tranche B and the $500-million five-year tranche C.

BNP Paribas, Bayerische Landesbank, Calyon, Commerzbank, Goldman Sachs, HSBC, Intesa Sanpaolo, Natixis, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation are the 10 mandated lead arrangers for the syndication.

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