Published on 5/19/2011 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: India's Icici Bank prices $1 billion 4¾% 5.5-year notes at 295 bps over Treasuries
By Christine Van Dusen
Atlanta, May 19 - India's Icici Bank Ltd. sold $1 billion 4¾% notes due Nov. 25, 2016 (Baa2/BBB-/) at 99.665 to yield 4.82%, or Treasuries plus 295 basis points, a market source said.
Citigroup, Deutsche Bank, HSBC and RBS were the bookrunners for the Rule 144A and Regulation S notes.
Icici is a Mumbai, India-based lender.
| Issuer: | Icici Bank Ltd.
|
| Amount: | $1 billion
|
| Maturity: | Nov. 25, 2016
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup, Deutsche Bank, HSBC, RBS
|
| Coupon: | 4¾%
|
| Price: | 99.665
|
| Yield: | 4.82%
|
| Spread: | Treasuries plus 295 bps
|
| Trade date: | May 19
|
| Settlement date: | May 25
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
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