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Amarchand, Lathams, Davis Polk act on ICICI $500m note issue from Dubai

ICICI Bank issued $500m of 3.50% 2020-due notes under 144A/Reg-S in its $7.5bn Global Medium Term Note (MTN) programme, through its Dubai branch, as reported by PTI.

ICICI instructed Amarchand Mangaldas partner Niloufer Lam with senior associate Madhav Kanoria and associate Aayushi Anand on Indian laws, with Davis Polk & Wardwell as international legal adviser, and UAE firm Al Tamimi via partner Mamoon Khan with Cherry Turcal advising on Dubai and UAE laws.

Latham & Watkins Singapore partner Min Yee Ng, supported by associates Dhiraj Joseph and Zhu An Lu, acted for lead managers Citigroup Global Markets, Deutsche Bank, The Hong Kong and Shanghai Banking Corporation and Bank of America Merrill Lynch.

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