New Issue: Indian Overseas Bank prices $500 million 4 5/8% notes due 2018 at 405 bps spread

By Christine Van Dusen

Atlanta, Aug. 13 - Indian Overseas Bank sold $500 million 4 5/8% notes due Feb. 21, 2018 at 99.42 to yield Treasuries plus 405 basis points, a market source said.

The notes priced tighter than talk, set at Treasuries plus 430 bps.

Barclays, Citigroup, Deutsche Bank, HSBC, JPMorgan, RBS and Standard Chartered were the bookrunners for the Regulation S notes.

Indian Overseas Bank is a lender based in Chennai, India.

Issuer:	Indian Overseas Bank
Amount:	$500 million
Maturity:	Feb. 21, 2018
Description:	Notes
Bookrunners:	Barclays, Citigroup, Deutsche Bank, HSBC, JPMorgan, RBS, Standard Chartered
Coupon:	4 5/8%
Price:	99.42
Spread:	Treasuries plus 405 bps
Trade date:	Aug. 13
Settlement date:	Aug. 21
Distribution:	Regulation S
Price talk:	Treasuries plus 430 bps

© 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.