"The issue was oversubscribed by over six times (over $3 billion) and saw participation from very high quality global investors," Neville Fernandes, head of debt capital markets at Citi India, one of book-runners said.

Last week, IDBI Bank had raised $300 million via an overseas bond sale in a 5.5-year money, priced at 5.061 per cent. For the city-based lender this was first issue since last March when it had raised $500 million.

Earlier this month, telecom major Bharti raised $400 million or 350 million Swiss francs from the Swiss market in a six-year money. This was Bharti's second bond sale this year after it had raised 250 million euros in January in the run-up to spectrum auctions.

After a bond sale last year worth $16 billion, up 60 per cent from 2012, Indian companies have been going slow on tapping global market due to rising interest rates there.

The overseas fund raising ebbed after the May tapering talk by U.S. Fed which spiked interest rates in Western markets.

Since then there were only a few issues, including HDFC Bank ($500 million) and ICICI Bank ($750 million).

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