ICICI Bank, on Tuesday, raised yuan 650 million in an offshore Chinese debt market offering, merchant bankers associated with the bond sale said.

The bank raised the money by selling REG S bonds with a three-year tenor, and got a final pricing of 4 per cent, Managing Director and head of debt capital markets at Standard Chartered Bank South Asia, Jujhar Singh, told PTI.

The bank was successful in getting the coupon tightened to 4 per cent from the initial guidance of 4.125 per cent. The bond sale received subscriptions of Chinese yuan 1 billion, he added.

The final issue was subscribed by 47 investors across Asia and Europe. —PTI