ICICI Bank prices $1 billion debt at tighter spread
'/> </pattern> </defs> <rect width='1200' height='675' fill='url(%23g)'/> <rect width='1200' height='675' fill='url(%23dots)'/> <rect x='60' y='210' width='6' height='80' fill='%23f5a524'/> <text x='90' y='268' font-size='15' font-weight='900' letter-spacing='5' fill='%23f5a524'>WORLD</text> <g font-family='Inter, Arial, sans-serif'> <text x='60' y='320' font-size='44' font-weight='800' fill='rgba(255,255,255,0.97)' letter-spacing='-0.5'>ICICI Bank prices $1 billion debt at</text><text x='60' y='376' font-size='44' font-weight='800' fill='rgba(255,255,255,0.97)' letter-spacing='-0.5'>tighter spread</text> <text x='60' y='620' font-size='14' font-weight='700' letter-spacing='3' fill='rgba(255,255,255,0.7)'>THE HINDU · NEWSEZE</text> </g> </svg>)
The bank set the coupon at 100 basis points over U.S. Treasuries, sharply lower the initial guidance of 130 basis points, for its first dollar debt sale in nearly nine years.
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