ICICI bank said in a statement that it has raised $1 billion (about Rs 4,500 crore) through an issue of medium term bonds in overseas markets. These bonds are 5-1/2 years long and carry a coupon of 4.75%.
The release mentioned that bonds are issued at a price of 99.665% by the ICICI bank’s Dubai branch. It is also revealed in the release that issue has received oversubscription of $2.70 billion or approximately Rs12,100 crore, with




