By Wendy Van Sickle
Columbus, Ohio, Oct. 12 – India’s Icici Bank Ltd. priced a $150 million add-on to its 3¼% notes due Sept. 9, 2022 (Baa3/BBB-), lifting the deal size to $650 million, according to a 6-K filing with the Securities and Exchange Commision.
The original $300 million deal priced in March 2017, and a previous $200 million tap priced on Oct. 6.
The add-on notes will be issued on a private placement basis and will be listed on the Singapore stock exchange.
Icici Bank is based in Mumbai.
| Issuer: | Icici Bank Ltd.
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| Amount: | $150 million tap
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| Maturity: | Sept. 9, 2022
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| Description: | Notes
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| Coupon: | 3¼%
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| Announcement date: | Oct. 12
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| Ratings: | Moody’s: Baa3
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| S&P: BBB-
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| Original issue: | $300 million priced March 2017; previous $200 million tap announced on Oct. 6
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