ICICI prices bond in euros
Despite difficult market conditions, ICICI Bank's latest bond attracts decent demand.
After an extensive roadshow, ICICI BankÆs Ç500 million two-year floating rate Reg-S bearer note priced on Friday in London at the tight end of initial guidance in a market that is still finding its feet.
Bookrunners Deutsche Bank, Citigroup, BNP Paribas, and HSBC helped ICICI rated BBBBaa2 achieve a benchmark deal and significant diversification of its investor base. The note priced at par at 40bp over Euribor, or 39bp over dollar Libor.
ôThe market settled thanks to favourable economic...
To continue reading, please login or register for free