By Reshmi Basu
New York, March 26- ICICI Bank Ltd. sold a €500 million offering of two-year floating-rate notes (Baa1) at par to yield three-month Libor plus 40 basis points over Libor, according to a market source and a statement filed with the Bombay Stock Exchange.
The offering had a €862 million order book with a total of 71 investors. New investors accounted for more than 50% of the deal size.
BNP Paribas, Citigroup, Deutsche Bank and HSBC were lead managers for the Regulation S deal.
The issuer is based in Mumbai, India.
Issuer: ICICI Bank Ltd.
Amount: €500 million
Issue: Floating-rate notes
Maturity: 2009
Coupon: Three-month Libor plus 40 bps
Issue price: Par
| Yield: | Three-month Libor plus 40 bps
|
| Lead managers: | Barclays Capital, Citigroup, Deutsche Bank, HSBC
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| Distribution: | Regulation S
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