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ICICI Bank Raises Fresh $750 Million as Overseas Borrowing Accelerates

ICICI Bank logoICICI Bank
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ICICI Bank raised $750 million via a five-year US dollar bond, adding to total dollar debt fundraising of $2.05 billion in about a month. The deal followed tighter conditions as Indian lenders sped overseas borrowing ahead of the RBI’s early closure of its concessional FCNR(B) swap window. Total 2026 dollar funding by Indian banks reached $8.85 billion.

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