By Christine Van Dusen
Atlanta, Nov. 20 - Icici Bank priced $750 million 5½% notes (Baa2/BBB-/) due March 25, 2015 at 99.826 to yield 5.54%, or Treasuries plus 337.5 bps, according to an informed market source.
Price talk was set at Treasuries plus 350 bps.
The bookrunners for the Rule 144A and Regulation S offering were Bank of America Merrill Lynch, Credit Suisse and HSBC.
Proceeds will be used for general corporate purposes.
Icici Bank is a commercial bank based in Mumbai, India.
| Issuer: | Icici Bank
|
| Face amount: | $750 million
|
| Maturity: | March 25, 2015
|
| Description: | Senior unsecured fixed-rate notes
|
| Bookrunners: | Bank of America Merrill Lynch, Credit Suisse, HSBC
|
| Coupon: | 5½%
|
| Price: | 99.826
|
| Yield: | 5.54%
|
| Spread: | Treasuries plus 337.5 bps
|
| Trade date: | Nov. 20
|
| Settlement date: | Nov. 25
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB-
|
| Distribution: | Rule 144A/Regulation S
|
| Price talk: | Treasuries plus 350 bps
|
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