Published on 7/8/2010 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: India's Icici Bank sells $500 million 5% notes due 2016 to yield Treasuries plus 320 bps
By Christine Van Dusen
Atlanta, July 8 - India's Icici Bank priced $500 million 5% notes (Baa2/BBB-/) due Jan. 15, 2016 at par to yield Treasuries plus 320 basis points, a market source said.
Bank of America Merrill Lynch, Deutsche Bank and HSBC were the bookrunners for the Rule 144A and Regulation S deal.
Icici Bank is a Mumbai, India-based lender.
| Issuer: | Icici Bank
|
| Amount: | $500 million
|
| Maturity: | Jan. 15, 2016
|
| Description: | Senior unsecured notes
|
| Bookrunners: | Bank of America Merrill Lynch, Deutsche Bank, HSBC
|
| Coupon: | 5%
|
| Price: | Par
|
| Yield: | 5%
|
| Spread: | Treasuries plus 320 bps
|
| Trade date: | July 8
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB-
|
| Distribution: | Rule 144A/Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
