(Bloomberg) -- ICICI Bank Ltd., India's biggest
lender to consumers, hired three banks to arrange a $500 million
bond sale to boost its capital, according to three people
familiar with the transaction.
The Mumbai-based lender hired Citigroup Inc., Lehman
Brothers Holdings Inc. and Merrill Lynch & Co. for the sale of
the three-year bonds, according to the people. The funds will be
used to expand its U.K. unit, which lends to overseas Indians,
the people said. Charudatta Deshpande, spokesman for ICICI Bank,
declined to comment.
Read more at Bloomberg Bonds News
lender to consumers, hired three banks to arrange a $500 million
bond sale to boost its capital, according to three people
familiar with the transaction.
The Mumbai-based lender hired Citigroup Inc., Lehman
Brothers Holdings Inc. and Merrill Lynch & Co. for the sale of
the three-year bonds, according to the people. The funds will be
used to expand its U.K. unit, which lends to overseas Indians,
the people said. Charudatta Deshpande, spokesman for ICICI Bank,
declined to comment.
Read more at Bloomberg Bonds News
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