Published on 11/17/2010 in the Prospect News Emerging Markets Daily.
New Issue: India's Icici Bank prices $150 million 7% notes due 2020 at par
By Christine Van Dusen
Atlanta, Nov. 17 - India's Icici Bank Ltd. priced $150 million notes due Nov. 23, 2020 (Baa3) at par to yield 7%, a market source said.
Barclays, Deutsche Bank and HSBC were the bookrunners for the Regulation S-only transaction.
Icici Bank is a Mumbai, India-based lender.
Issuer: | Icici Bank Ltd.
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Amount: | $150 million
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Maturity: | Nov. 23, 2020
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Description: | Notes
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Bookrunners: | Barclays, Deutsche Bank, HSBC
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Coupon: | 7%
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Price: | Par
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Yield: | 7%
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Trade date: | Nov. 16
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Settlement date: | Nov. 23
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Rating: | Moody's: Baa3
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Distribution: | Regulation S only
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