Published on 8/14/2012 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: India's Icici Bank sells $750 million 4.7% 5.5-year notes at Treasuries plus 400 bps
By Aleesia Forni and Christine Van Dusen
Columbus, Ohio, Aug. 14 - Icici Bank Ltd. priced a $750 million issue of 4.7% 5.5-year senior unsecured notes (Baa2) at Treasuries plus 400 bps, or 99.813, to yield 4.739% on Tuesday, according to a syndicate source.
Bank of America Merrill Lynch, Citigroup, HSBC, JPMorgan and Standard Chartered were bookrunners on the Regulation S and Rule 144A deal.
Icici Bank is based in Mumbai, India.
| Issuer: | Icici Bank Ltd.
|
| Issue: | Senior unsecured notes
|
| Amount: | $750 million
|
| Maturity: | Feb. 21, 2018
|
| Bookrunners: | Bank of America Merrill Lynch, Citigroup, HSBC, JPMorgan, Standard Chartered
|
| Coupon: | 4.7%
|
| Price: | 99.813
|
| Yield: | 4.739%
|
| Spread: | Treasuries plus 400 bps
|
| Trade date: | Aug. 14
|
| Settlement date: | Aug. 21
|
| Distribution: | Rule 144A, Regulation S
|
| Rating: | Moody's: Baa2
|
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