The Hindu Business Line : ICICI Bank bonds fully subscribed

ICICI Bank’s international bond issue of US $ 2 billion was fully subscribed, said a press release from the bank. The five year fixed rate bond had a coupon of 6.625 per cent.

The issue received subscriptions worth $ 6.05 billion. From a geographical breakdown perspective about 43 per cent of the subscriptions were from US while 37 per cent was from Asia and 16 per cent from Europe. From an investor breakdown perspective, 3 2 per cent of the notes were sold to banks, 53 per cent to fund managers and 15 per cent to pension funds and retail, the release said.

The bank had issued the bond through its Bahrain branch. The lead managers were Deutsche Bank AG, Goldman Sachs International and Merrill Lynch International. In June this year ICICI Bank had raised about Rs 20,000 crore through a follow on public offer. It also raised $ 1.5 billion money through a syndicated loan borrowing earlier this month. –

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