New bond issue: ICICI Bank sells USD 750m in 2018 bonds with 4.70% coupon
ICICI Bank (India) on August 14, 2012 placed USD 750m in bonds with a 4.70% coupon, maturing in 2018.The deal was done via SPV ICICI Bank Dubai. The bond was priced at 99.8130% to yield 4.739%. Bank of America Merrill Lynch, Citigroup, HSBC, JP Morgan, Standard Chartered Bank arranged the deal.
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Issuer, issue number: ICICI Bank, 2018
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: USD, 200000
Amount: 750 000 000
ISIN: US45112FAC05
End of placement: Aug 14 2012
Issue price: 99.813
Yield at Pricing: 4.739%
Coupon: 4.70%
Coupon frequency: 2 time(s) per year
Settlement Date: Aug 21 2012
Maturity date: Feb 21 2018
Issue Managers: Bank of America Merrill Lynch, Citigroup, HSBC, JP Morgan, Standard Chartered Bank
Trading floor: SGX
Issuer profile:
ICICI Bank is India's second-largest bank with total assets of about Rs. 2,513.89 bn (US$ 56.3 bn) at March 31, 2006 and profit after tax of Rs. 25.40 bn (US$ 569 mn) for the year ended March 31, 2006 (Rs. 20.05 bn (US$ 449 mn) for the year ended March 31, 2005). ICICI Bank has a network of 741 branches (including 48 extension counters) and over 3300 ATMs in India and presence in 30 International locations. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. ICICI Bank set up its international banking group in fiscal 2002 to cater to the cross border needs of clients and leverage on its domestic banking strengths to offer products internationally. ICICI Bank currently has subsidiaries in the United Kingdom, Russia and Canada, branches in Singapore, Bahrain, Hong Kong, Sri Lanka and Dubai International Finance Centre and representative offices in the United States, United Arab Emirates, China, South Africa and Bangladesh. Our UK subsidiary has established a branch in Belgium. ICICI Bank is the most valuable bank in India in terms of market capitalisation. / обн. 08. 2012
Outstanding issues:
10 issue(s) outstanding worth USD 7 440 000 000