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Published on 9/14/2012 in the Prospect News Emerging Markets Daily.

New Issue: India's Icici Bank prices RMB 500 million 4.9% notes due 2015 at par

By Aleesia Forni

Columbus, Ohio, Sept. 14 - Icici Bank Ltd. priced a RMB 500 million issue of 4.9% three-year senior notes (Baa2/BBB-/) at par, according to a syndicate source.

HSBC and Standard Chartered Bank were the bookrunners on the deal.

The notes will be issued under the bank's $5 billion global medium-term note program.

Icici Bank is based in Mumbai, India.

Issuer:Icici Bank Ltd.
Issue:Senior unsecured notes
Amount:RMB 500 million
Maturity:Sept. 21, 2015
Bookrunners:HSBC, Standard Chartered
Coupon:4.9%
Price:Par
Yield:4.9%
Trade date:Sept. 14
Settlement date:Sept. 21
Ratings:Moody's: Baa2
Standard & Poor's: BBB-

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