New Issue: India's Icici Bank sells $250 million more 4.7% notes due 2018 at 340 bps spread

By Christine Van Dusen

Atlanta, Nov. 26 - India's Icici Bank Ltd. priced a $250 million increase of its existing 4.7% notes due Feb. 21, 2018 (Baa2/BBB-/) at 102.953 to yield Treasuries plus 340 basis points, a market source said.

Bank of America Merrill Lynch, Citigroup, HSBC, JPMorgan and Standard Chartered were the bookrunners for the Rule 144A and Regulation S deal.

The original issue totaled $750 million and priced at 99.813 to yield 4.739%, or Treasuries plus 400 bps.

Icici Bank is based in Mumbai, India.

Issuer:	Icici Bank Ltd.
Amount:	$250 million
Maturity:	Feb. 21, 2018
Description:	Senior notes
Bookrunners:	Bank of America Merrill Lynch, Citigroup, HSBC, JPMorgan, Standard Chartered
Coupon:	4.7%
Price:	102.953
Spread:	Treasuries plus 340 bps
Trade date:	Nov. 26
Settlement date:	Nov. 29
Ratings:	Moody's: Baa2
	Standard & Poor's: BBB-
Distribution:	Rule 144A and Regulation S
Original issue:	$750 million priced at 99.813 to yield 4.739%, or Treasuries plus 400 bps

© 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.