By Aleesia Forni
Columbus, Ohio, July 31 - Export Import Bank of India priced a $500 million issue of 4% fixed-rate senior unsecured notes (Baa3) due 2017 at Treasuries plus 355 basis points, or 99.365 to yield 4.142%, according to a syndicate source.
The notes priced on top of talk.
Standard Chartered and Citigroup were the bookrunners.
The notes were issued under the Mumbai, India-based finance institution's $2.5 billion euro medium-term note program.
| Issuer: | Export Import Bank of India
|
| Issue: | Fixed-rate senior unsecured notes
|
| Amount: | $500 million
|
| Maturity: | Aug. 7, 2017
|
| Bookrunners: | Standard Chartered, Citigroup
|
| Coupon: | 4%
|
| Price: | 99.365
|
| Yield: | 4.142%
|
| Spread: | Treasuries plus 355 bps
|
| Trade date: | July 31
|
| Settlement date: | Aug. 7
|
| Rating: | Moody's: Baa3
|
| Distribution: | Regulation S
|
| Price talk: | Treasuries plus 355 bps
|
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