New Issue: India's IDBI Bank prices $350 million 4¾% notes due 2015 at Treasuries plus 310 bps

By Christine Van Dusen

Atlanta, July 30 - India's IDBI Bank priced $350 million 4¾% notes due 2015 (Baa3/BBB-/) at 99.943 to yield 4.762%, or Treasuries plus 310 basis points, on Thursday, a market source said.

Barclays Capital, BNP Paribas, RBS, HSBC and Standard Chartered were the bookrunners for the deal, which was talked at Treasuries plus 310 bps.

IDBI Bank is a Mumbai, India-based lender.

Issuer:	IDBI Bank
Amount:	$350 million
Maturity:	2015
Description:	Notes
Bookrunners:	Barclays Capital, BNP Paribas, RBS, HSBC, Standard Chartered
Coupon:	4¾%
Price:	99.943
Yield:	4.762%
Spread:	Treasuries plus 310 bps
Trade date:	July 29
Ratings:	Moody's: Baa3
	Standard & Poor's: BBB-
Price talk:	Treasuries plus 310 bps

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