India's IDBI Bank launches $300 million 51/2-year notes at Treasuries plus 350 bps

By Christine Van Dusen

Atlanta, March 19 - India's IDBI Bank Ltd. launched a $300 million offering of 51/2-year notes (expected ratings: Baa3//BBB-) at Treasuries plus 350 basis points, a market source said.

BNP Paribas, Citigroup, Credit Agricole, HSBC and RBS are the bookrunners for the Regulation S deal.

The notes will include a change-of-control put at 101%.

Pricing is expected on Wednesday.

IDBI Bank is a public sector bank based in Mumbai.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.