By Rebecca Melvin
New York, Dec. 7 – Icici Bank Ltd. via its Dubai branch priced $500 million 3.8% 10-year senior notes (expected rating: Baa3/BBB-) at 99.728, according to a company news release on Thursday.
The Rule 144A and Regulation S bonds were sold under Icici Bank’s $7.5 billion global medium-term loan program, and they will be listed on the Singapore Exchange Securities Trading Ltd.
Icici Bank is based in Mumbai.
| Issuer: | Icici Bank Ltd.
|
| Amount: | $500 million
|
| Maturity: | 2027
|
| Description: | Senior unsecured notes
|
| Coupon: | 3.8%
|
| Price: | 99.728
|
| Announcement date: | Dec. 7
|
| Expected ratings: | Moody’s: Baa3
|
| S&P: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
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