Published on 12/12/2012 in the Prospect News Emerging Markets Daily.
New Issue: India's Icici Bank prices CHF 100 million 2¾% notes at par to yield mid-swaps plus 227.7 bps
By Christine Van Dusen
Atlanta, Dec. 12 - India's Icici Bank Ltd. priced a CHF 100 million issue of 2¾% notes due Jan. 7, 2020 (Baa3/BBB-/) at par to yield 2¾%, or mid-swaps plus 227.7 basis points, a market source said.
Deutsche Bank was the bookrunner for the deal.
Icici Bank is based in Mumbai, India.
| Issuer: | Icici Bank Ltd.
|
| Amount: | CHF 100 million
|
| Maturity: | Jan. 7, 2020
|
| Description: | Notes
|
| Bookrunners: | Deutsche Bank
|
| Coupon: | 2¾%
|
| Price: | Par
|
| Yield: | 2¾%
|
| Spread: | Mid-swaps 227.7 bps
|
| Trade date: | Dec. 12
|
| Settlement date: | Jan. 7
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB-
|
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