By Christine Van Dusen
Atlanta, May 29 - India's Icici Bank Ltd. priced a $250 million add-on to its 4.8% notes due May 22, 2019 (expected ratings: Baa2/BBB-/), a market source said.
Other details on the pricing of the notes was not immediately available on Thursday.
The notes were talked at a spread in the 185 bps area.
HSBC and RBS were the bookrunners for the deal.
The original $750 million issue priced at 99.609 to yield 4.882%, or Treasuries plus 355 basis points, on Nov. 18, 2013.
Icici Bank is based in Mumbai, India.
| Issuer: | Icici Bank Ltd.
|
| Amount: | $250 million
|
| Maturity: | May 22, 2019
|
| Description: | Senior notes
|
| Bookrunners: | HSBC, RBS
|
| Coupon: | 4.8%
|
| Trade date: | May 29
|
| Price talk: | Treasuries plus 185 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.
