By Sarah Lizee
Olympia, Wash., April 8 – IndusInd Bank Ltd. informed the Bombay Stock Exchange that it priced $400 million of 3 7/8% notes due April 15, 2022 on Monday.
Interest is payable semiannually, according to the notice.
The notes are being issued through the bank’s International Financial Services Centre Banking unit under a medium-term note program.
The notes will be listed on India International Exchange Ltd. and Singapore Exchange Securities Trading Ltd. and are expected to be rated Baa3 by Moody’s Investors Service.
IndusInd Bank is a private bank with headquarters in Mumbai, India.
| Issuer: | IndusInd Bank Ltd.
|
| Issue: | Notes
|
| Amount: | $400 million
|
| Maturity: | April 15, 2022
|
| Coupon: | 3 7/8%
|
| Pricing date: | April 8
|
| Settlement date: | April 15
|
| Expected rating: | Moody’s: Baa3
|
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