ICICI lengthens debt curve with 10-year $1 billion deal

Deals in Focus: ICICI Bank

ICICI Bank’s headquarters in Mumbai

November 2010 will be remembered as the month when Ireland became the second country after Greece to need a bailout from its Eurozone partners, and when investors speculated whether Portugal and Spain might soon go the same way. Unsurprisingly given this backdrop, issuance in the primary markets globally was affected as risk aversion once again became the order of the day.

On that basis, it might have been logical for investors to decide that now might be the time to be more circumspect about ad