By Rebecca Melvin
New York, Oct. 6 – India’s Icici Bank Ltd. priced a $200 million add-on to its 3¼% notes due Sept. 9, 2022 (Baa3/BBB-), lifting the deal size to $500 million, a market source said.
The tap priced at a yield spread of Treasuries plus 135 basis points, the source said.
The original deal priced in March 2017.
The notes will be listed on the Singapore stock exchange.
Icici Bank is based in Mumbai.
Issuer: | Icici Bank Ltd.
|
Amount: | $200 million tap
|
Maturity: | Sept. 9, 2022
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Description: | Notes
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Coupon: | 3¼%
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Spread: | Treasuries plus 135 bps
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Announcement date: | Oct. 6
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Ratings: | Moody’s: Baa3
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| S&P: BBB-
|
Distribution: | Regulation S
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Original issue: | $300 million priced March 2017
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