Published on 9/11/2014 in the Prospect News Emerging Markets Daily.
New Issue: India’s Icici Bank prices $500 million 3.57% notes due 2020 at 180 bps spread
By Christine Van Dusen
Atlanta, Sept. 11 – India’s Icici Bank Ltd. priced a $500 million issue of 3.57% notes due March 18, 2020 (Baa2/BBB-/) at 99.653 to yield Treasuries plus 180 basis points on Thursday, a market source said.
BofA Merrill Lynch, Citigroup, Deutsche Bank and HSBC were the bookrunners for the deal.
Icici Bank is based in Mumbai, India.
| Issuer: | Icici Bank Ltd.
|
| Amount: | $500 million
|
| Maturity: | March 18, 2020
|
| Description: | Notes
|
| Bookrunners: | BofA Merrill Lynch, Citigroup, Deutsche Bank, HSBC
|
| Coupon: | 3.57%
|
| Price: | 99.653
|
| Spread: | Treasuries plus 180 bps
|
| Trade date: | Sept. 11
|
| Settlement date: | Sept. 18
|
| Ratings: | Moody’s: Baa2
|
| Standard & Poor’s: BBB-
|
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