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ICICI Bank, plans to raise $150 million from offshore market this fiscal.
As per bank, the committee of executive directors has approved the offshore borrowing plan for 2017-2018.
In a regulatory filing ICICI Bank stated,”The bank, under its GMTN (global medium-term note) programme, acting through its DIFC (Dubai) branch, tapped its existing 3.25% fixed rate notes maturing September 2022 for an amount of USD 150 million on private placement basis.”
Further the lender stated that, the bonds will be listed on Singapore Stock Exchange.
