ICICI Bank on Friday said it has raised $300 million through an international bond issue. The 5.5-year fixed rate notes were issued by the bank’s branch in Dubai International Finance Centre (DIFC) and carry a coupon of 3.25 per cent, it said in a statement.

The bank had given a pricing guidance of up to 155 basis points over the US treasury rate, which is around 2 per cent. The bank had launched the issue, which was part of its $7.5 billion medium-term notes programme, on Thursday, and the money raised through such offerings is generally used for international lending.