ICICI Bank acting through its DIFC (Dubai) branch, priced an issuance of 5.5 year fixed rate notes for an aggregate principal amount of $300 million. The notes were sold under the RegS format. The notes carry a coupon of 3.25% and were offered at an issue price of 99.447.
ICICI Bank is India’s largest private sector bank by consolidated assets. The Bank’s consolidated total assets stood at $144.7 billion at September 30, 2016.