Published on 11/13/2014 in the Prospect News Emerging Markets Daily.
New Issue: India’s Icici Bank prices CHF 600 million 4% notes due 2017 at par
By Christine Van Dusen
Atlanta, Nov. 13 – India’s Icici Bank Ltd. (Bahrain branch) sold CHF 600 million three-year notes (Baa2/BBB-) at par to yield 4% on Thursday, a market source said.
MUFG and Standard Chartered Bank were the bookrunners for the Regulation S deal.
Icici Bank is based in Mumbai, India.
| Issuer: | Icici Bank Ltd. (Bahrain branch)
|
| Amount: | CHF 600 million
|
| Maturity: | Nov. 24, 2017
|
| Description: | Senior notes
|
| Bookrunners: | MUFG, Standard Chartered Bank
|
| Coupon: | 4%
|
| Price: | Par
|
| Yield: | 4%
|
| Trade date: | Nov. 13
|
| Settlement date: | Nov. 24
|
| Expected ratings: | Moody’s: Baa2
|
| Standard & Poor’s: BBB-
|
| Distribution: | Regulation S
|
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