By Reshmi Basu
New York, Aug. 13- ICICI Bank Ltd. priced $300 million eurobond due 2009 (Baa3/BB) at 99.468 to yield Treasuries plus 168 basis points, according to a market source.
The deal came near the rich end of price talk. Price guidance was set at Treasuries plus 165 to 175 basis points.
Proceeds from the issue will be used by the Singapore branch of ICICI Bank. ICICI Bank is headquartered in Mumbai and is India's second largest commercial bank.
ABN Amro, Bank of America and Deutsche Bank ran the books for the Regulation S deal
The issue will be listed on the Luxembourg Stock Exchange.
| Issuer: | ICICI Bank Ltd. (acting through Singapore Branch)
|
| Amount: | $300 million
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| Issue: | Senior unsecured eurobond
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| Maturity: | Aug. 18, 2009
|
| Coupon: | 5%
|
| Issue price: | 99.468
|
| Yield: | 5.122%
|
| Spread: | 168 basis points
|
| Pricing date: | Aug. 13
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| Settlement date: | Aug. 18
|
| Bookrunners: | Deutsche Bank, ABN Amro and Bank of America
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BB
|
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