ICICI Bank board approves USD 5.00 billion overseas borrowing limit

ICICI Bank's board approved a $5 billion limit for overseas borrowing via bonds, notes, and offshore CDs. The bank has already raised $1.7 billion under RBI's swap facility. This move is part of a trend of Indian banks accessing global markets for funding.

ICICI Bank's board approved up to $5 billion in overseas borrowing. Shares rose 0.4% to Rs 1,417.50. HDFC Bank recently raised $1.75 billion via bonds, with tranches at 5.159% and 5.401% coupons. Other Indian banks have also tapped overseas debt markets.

ICICI Bank's board approved a $5 billion overseas borrowing limit for debt instruments. The Reserve Bank of India's swap facility caps hedging costs at 1.5%. ICICI has raised $1.7 billion, while HDFC Bank issued $1.75 billion in dollar-denominated bonds. ICICI shares rose 0.42% on the news.

ICICI Bank's board approved a USD 5 billion offshore borrowing limit, doubling its previous USD 2.5 billion cap. The bank has already raised USD 2.05 billion in debt this month, with Q1 FY27 net profit up 15.95% YoY. The move aims to secure low-cost capital ahead of RBI's swap window closure.

ICICI Bank has received board approval to borrow up to USD 5 billion in overseas markets. The bank plans to issue bonds, notes, or offshore certificates of deposits. The move aims to enhance funding strategy and global growth opportunities, according to the company.

ICICI Bank, an Indian financial institution, has increased its overseas borrowing limit from $2.5 billion to $5 billion. This move may enhance its ability to fund international operations and investments. According to the bank, the decision reflects its strategy to strengthen its global presence and capital base.