ICICI Bank has launched the USD 500-million dollar-denominated bond issue in the overseas market.
The bench market issue will be sold through the Dubai International Finance Centre branch of the bank, and the lead-managers have given a price guidance of 1.55 per cent over the US treasury.
The issue is part of ICICI Bank’s USD 7.5 billion global medium-term notes programme.
Since the past two years, debt raising by domestic companies have been on a low gear given the poor investment climate.
Rural Electrification Corporation raised USD 400 million for on-lending under the ECB route, NTPC mopped up USD 531.2 million and Adani Ports & Special Economic Zone raised USD 500 million.
Current Affairs for IAS Exam
- General Election to Legislative Assemblies of Goa, Manipur, Punjab, Uttarakhand and Uttar Pradesh, 2022
- Safety Reviews of Aging Dams in the Country
- Text of the Vice-President’s address at the International Finals of G20-The Indian Navy Quiz (Excerpts)
- Heavy to Very Heavy Rainfall very likely at isolated places over Bihar,Assam & Meghalaya today
- PM condemns attack on Prime Minister Ralph Gonsalves of St. Vincent and the Grenadines
- Lok Sabha Speaker Shri Om Birla to address the valedictory function of the 3rd edition of National Youth Parliament Festival (NYPF) on 11th March
- Union Minister of Home Affairs and Minister of Cooperation, Shri Amit Shah will lay Foundation Stone tomorrow of Rani Gaidinliu Tribal Freedom Fighters Museum in Luangkao Village, Tamenglong District, Manipur
- 12th Indo-US Economic Summit
- GENERATION OF JOBS BY STARTUPS
- Nobel laureate, Professor Michael Kremer meets Officers of Jal Jeevan Mission, DDWS
