Published on 5/14/2007 in the Prospect News Emerging Markets Daily.
New Issue: India's ICICI Bank sells £350 million three-year bonds at Gilts plus 83 bps
By Reshmi Basu
New York, May 14 - ICICI Bank Ltd. sold a £350 million offering of three-year bonds (Baa2/BBB-) at 99.585 to yield Gilts plus 83 basis points, according to a market source.
BNP Paribas, Citigroup, Deutsche Bank and HSBC were lead managers for deal, which came off the issuer's $5 billion euro medium-term note program.
The issuer is based in Mumbai, India.
Issuer: ICICI Bank Ltd.
Amount: £350 million
Issue: Bonds
Maturity: May 18, 2010
Coupon: 6¼%
Issue price: 99.585
| Yield: | Gilts plus 83 bps
|
| Lead managers: | Barclays Capital, Citigroup, Deutsche Bank, HSBC
|
| Pricing date: | May 14
|
| Settlement date: | May 18
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB-
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