By Christine Van Dusen
Atlanta, Dec. 9 – India’s Icici Bank Ltd. printed a $200 million tap of its 3˝% notes due March 18, 2020 (Baa2/BBB-/) at 100.686 to yield 3.356%, or Treasuries plus 165 basis points, a market source said.
HSBC and JPMorgan were the bookrunners for the Regulation S deal.
The original issue priced in September at 99.653 to yield Treasuries plus 180 bps with BofA Merrill Lynch, Citigroup, Deutsche Bank and HSBC.
Icici Bank is based in Mumbai.
| Issuer: | Icici Bank Ltd.
|
| Amount: | $200 million
|
| Maturity: | March 18, 2020
|
| Description: | Notes add-on
|
| Bookrunners: | HSBC, JPMorgan
|
| Coupon: | 3˝%
|
| Price: | 100.686
|
| Yield: | 3.356%
|
| Spread: | Treasuries plus 165 bps
|
| Trade date: | Dec. 9
|
| Settlement date: | Dec. 18
|
| Ratings: | Moody’s: Baa2
|
| Standard & Poor’s: BBB-
|
| Distribution: | Regulation S
|
| Original issue: | Priced at 99.653 to yield 180 bps over Treasuries
|
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