By Christine Van Dusen
Atlanta, March 28 - India's Icici Bank Ltd. priced A$150 million 6 1/8% five-year notes (Baa2/BBB-/) at 99.665 to yield 6.205%, or mid-swaps plus 245 basis points, a market source said.
The notes were talked at a spread in the 250 bps area.
ANZ and HSBC were the bookrunners for the Regulation S deal.
Icici Bank is based in Mumbai, India.
| Issuer: | Icici Bank Ltd.
|
| Amount: | A$150 million
|
| Maturity: | April 3, 2019
|
| Description: | Notes
|
| Bookrunners: | ANZ, HSBC
|
| Coupon: | 6 1/8%
|
| Price: | 99.665
|
| Yield: | 6.205%
|
| Spread: | Mid-swaps plus 245 bps
|
| Trade date: | March 27
|
| Settlement date: | April 3
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB-
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 250 bps area
|
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