ICICI bonds with US investors

India''s largest private sector bank brings the country''s first 144a deal since 1997.

ICICI Bank returned to the dollar market for the first time since August 2004 on Wednesday November 9, with an increased $500 million bond offering via Deutsche Bank and Merrill Lynch. The five-year deal priced through the bank's own implied curve and at a much narrower premium to the State Bank of India SBI than would normally have been expected.

Pricing of the Baa3BB rated deal was completed during the New York afternoon following...

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