By Christine Van Dusen
Atlanta, March 24 - Export Import Bank of India priced $500 million 3 7/8% notes due Oct. 2, 2019 to yield 3.961%, Treasuries plus 220 basis points, a market source said.
The notes (expected issue ratings: Baa3/BBB-/) were talked at a spread of 220 bps to 225 bps.
Citigroup, JPMorgan and Standard Chartered Bank were the bookrunners for the Regulation S deal.
The financial institution is based in Mumbai.
| Issuer: | Export Import Bank of India
|
| Amount: | $500 million
|
| Maturity: | Oct. 2, 2019
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup, JPMorgan, Standard Chartered Bank
|
| Coupon: | 3 7/8%
|
| Yield: | 3.961%
|
| Spread: | Treasuries plus 220 bps
|
| Price talk: | Treasuries plus 220 bps to 225 bps
|
| Trade date: | March 24
|
| Settlement date: | April 2
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB-
|
| Distribution: | Regulation S
|
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