By Christine Van Dusen and Toni Weeks
Atlanta, Aug. 5 – Icici Bank Ltd. announced the pricing of $500 million of fixed-rate notes on Wednesday.
The notes carry a coupon of 3 1/8% and were offered at an issue price of 99.574.
Initial talk was for Treasuries plus 180 basis points for the Regulation S deal, a market source said earlier in the day.
HSBC, Barclays, JPMorgan, BofA Merrill Lynch and Standard Chartered are the bookrunners for the deal.
Icici Bank is based in Mumbai.
| Issuer: | Icici Bank Ltd., Dubai Branch
|
| Issue: | Notes
|
| Amount: | $500 million
|
| Coupon: | 3 1/8%
|
| Price: | 99.574
|
| Maturity: | Five years
|
| Bookrunners: | HSBC, Barclays, JPMorgan, BofA Merrill Lynch and Standard Chartered
|
| Price talk: | Treasuries plus 180 bps
|
| Distribution: | Regulation S
|
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