The bank disclosed the fundraising in a regulatory filing. The key details reported are the amount raised, the coupon rate and the banking unit used for the issue. The supplied report does not provide a fuller breakdown of the transaction.

For readers tracking the bank’s funding activity, this is a bond issue involving overseas investors. The report identifies ICICI Bank’s IFSC banking unit as the route for the borrowing, but does not name the investors or say how many participated.

The 5.417% figure is the stated coupon on the bonds. Details such as the maturity date, interest payment schedule and other terms have not been provided in the supplied report. It also does not give a comparison with the bank’s earlier borrowings.

The report does not state how ICICI Bank plans to use the money raised. There is also no information about whether the transaction is linked to any particular lending programme, business expansion or customer offering, so those connections cannot be drawn from this announcement.