BUSINESSAug 14 · 04:45 UTCBLOOMBERGSheryl Tian Tong Lee and Saikat Das

ICICI Joins Indian Banks Chasing Dollar Loans, Swelling Demand

ICICI Bank Ltd., based in India, has successfully launched a syndicated offshore loan of approximately $1.45 billion. This action positions ICICI among several other local Indian banks accessing overseas debt. These banks are utilizing a central bank facility designed to lower hedging costs.

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ICICI BankorganizationIndiaplaceIndian banksorganizationoverseas debttopiccentral bank facilitytopic

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