Published on 1/26/2010 in the Prospect News Emerging Markets Daily.
New Issue: Export-Import Bank of India sells $300 million five-year notes at mid-swaps plus 180 bps
By Paul A. Harris
St. Louis, Jan. 26 - The Export-Import Bank of India (Baa3/BBB-/) priced $300 million issue of five-year notes at a 180 basis points spread to mid-swaps, on Tuesday, according to a market source.
Citigroup and Deutsche Bank ran the books for the Regulation S-only deal.
| Issuer: | Export-Import Bank of India
|
| Amount: | $300 million
|
| Maturity: | Feb. 2, 2015
|
| Securities: | Notes
|
| Bookrunners: | Citigroup, Deutsche Bank
|
| Coupon: | 4 3/8%
|
| Price: | 99.658
|
| Yield: | 4.452%
|
| Spread: | 180 bps over mid-swaps
|
| Trade date: | Jan. 26
|
| Settlement date: | Feb. 2
|
| Issuer ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB-
|
| Distribution: | Regulation S only
|
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