The participating lenders were Bank of Baroda, HDFC Bank, IDFC First Bank, Kotak Mahindra Bank and ICICI Bank. The report described the week as the most active for foreign-currency debt issuance by Indian banks, putting their combined fundraising in focus.

The $4.4 billion figure covers these five banks together. Individual fundraising amounts have not been provided, so the available information does not show which lender borrowed the most or how the total was divided among them. Borrowing costs and repayment periods have also not been stated.

A large share of the proceeds may go towards financing leverage associated with foreign currency non-resident bank deposits, commonly called FCNR(B) deposits. That is a possible use rather than a confirmed allocation. The report does not specify how much each bank intends to direct towards this purpose.

The broader story places overseas borrowing against the backdrop of RBI swaps and cites $12 billion in debt raised. However, the supplied details do not give a timeframe or bank-wise breakdown for that larger figure. The separately identified weekly amount is $4.4 billion.