ICICI Bank announced the secondary listing of its foreign currency bonds under the Global Medium Note (GMTN) program on India International Exchange (IFSC) Limited (India INX) in the presence of Praveen Trivedi, Executive Director, Financial Services Centers Authority (IFSCA) during the registration ceremony.
Speaking on the occasion, Sriram Iyer, Head-International Banking Group, Global Remittances and NRI Services, ICICI Bank said, “GIFT City holds great promise for all businesses with global corporate, fund, We believe the listing will attract more international investors to our bonds and strengthen our partnership with India INX.
V Balasubramaniam, MD and CEO, India INX said, “We are extremely pleased to establish ICICI Bank’s prestigious $7.5 billion GMTN program and integrate the $1.90 billion instruments therein. are issued on our Global Securities Market platform and we thank ICICI Bank for re-establishing trust. during our exchange, it reaffirms our belief that India INX and the city of GIFT has emerged as a promising location and destination for the international financial services hub. With this, the total MTNs established on India INX now stands at over $69.5 billion, making our exchange the platform of choice for foreign currency bond issuers.
Posted: Saturday May 14th 2022, 4:58 PM IST