ICICI Bank has raised $1 billion through the sale of senior unsecured notes in the 144a private placement market, Reuters reports. The notes carry a coupon rate of 4.75%, and are scheduled to mature on Nov. 25, 2016.

Citi, Deutsche Bank, HSBC and RBS served as the joint bookrunning managers for the sale. The transaction is a part of the Indian bank’s $5 billion medium-term notes programme that comprises senior unsecured notes and hybrid tier one notes, adds Business Standard.

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