Published on 2/4/2015 in the Prospect News Emerging Markets Daily.
New Issue: Export-Import Bank of India prices $500 million 2¾% notes due 2020 at 155 bps spread
By Christine Van Dusen
Atlanta, Feb. 4 – Export-Import Bank of India printed $500 million 2¾% notes due Aug. 12, 2020 (expected ratings: Baa3/BBB-/) at 99.404 to yield Treasuries plus 155 basis points on Wednesday, a market source said.
Barclays, Citigroup and Standard Chartered Bank were the bookrunners for the Regulation S deal.
| Issuer: | Export-Import Bank of India
|
| Amount: | $500 million
|
| Maturity: | Aug. 12, 2020
|
| Description: | Senior notes
|
| Bookrunners: | Barclays, Citigroup, Standard Chartered Bank
|
| Coupon: | 2¾%
|
| Price: | 99.404
|
| Spread: | Treasuries plus 155 bps
|
| Trade date: | Feb. 4
|
| Settlement date: | Feb. 12
|
| Expected ratings: | Moody’s: Baa3
|
| Standard & Poor’s: BBB-
|
| Distribution: | Regulation S
|
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