By Aaron Hochman-Zimmerman
New York, Sept. 28 - ICICI Bank Ltd. priced $2 billion five-year senior unsecured bonds (Baa2/BBB-/) at 99.916 with a coupon of 6 5/8%, according to a market source.
The deal priced on top of talk for a spread of 237.5 basis points. The yield was 6.645%.
Deutsche Bank, Goldman Sachs and Merrill Lynch were bookrunners for the Rule 144A and Regulation S deal.
ICICI Bank is a Mumbai-based retail lender.
| Issuer: | ICICI Bank Ltd.
|
| Amount: | $2 billion
|
| Issue: | Five-year bond
|
| Maturity: | Oct. 3, 2012
|
| Coupon: | 6 5/8%
|
| Price: | 99.916
|
| Yield: | 6.645%
|
| Spread: | Treasuries plus 237.5 bps
|
| Bookrunners: | Deutsche Bank, Goldman Sachs, Merrill Lynch
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 3
|
| Distribution: | Rule 144A, Regulation S
|
| Rating: | Moody's: Baa2
|
| Standard & Poor's: BBB-
|
| Price talk: | Treasuries plus 237.5 bps
|
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