By Christine Van Dusen
Atlanta, Jan. 7 - Export Import Bank of India sold $750 million 4% notes (Baa3/BBB-/) at 99.033 to yield 4.119%, or Treasuries plus 220 basis points, a market source said.
The 10-year notes priced at the tight end of talk, set at the Treasuries plus 225 bps area.
Citigroup and Standard Chartered Bank were the bookrunners for the Regulation S deal.
The financial institution is based in Mumbai.
| Issuer: | Exim Bank of India
|
| Description: | Notes
|
| Amount: | $750 million
|
| Maturity: | Jan. 14, 2023
|
| Coupon: | 4%
|
| Price: | 99.033
|
| Yield: | 4.119%
|
| Spread: | Treasuries plus 220 bps
|
| Bookrunners: | Citigroup, Standard Chartered Bank
|
| Trade date: | Jan. 7
|
| Settlement date: | Jan. 14
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB-
|
| Distribution: | Regulation S
|
| Price talk: | Treasuries plus 225 bps area
|
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