Published on 1/14/2016 in the Prospect News Emerging Markets Daily.
New Issue: Export-Import Bank of India sells $500 million 3 1/8% notes due 2021 at 165 bps spread
By Christine Van Dusen
Atlanta, Jan. 14 – Export-Import Bank of India priced $500 million 3 1/8% notes due July 20, 2021 (expected ratings: Baa3/BBB-) at 99.585 to yield 3.208%, or Treasuries plus 165 basis points, a market source said.
Citigroup, JPMorgan and Standard Chartered Bank were the bookrunners for the Regulation S deal.
| Issuer: | Export-Import Bank of India
|
| Amount: | $500 million
|
| Maturity: | July 20, 2021
|
| Description: | Notes
|
| Bookrunners: | Citigroup, JPMorgan, Standard Chartered Bank
|
| Coupon: | 3 1/8%
|
| Price: | 99.585
|
| Yield: | 3.208%
|
| Spread: | Treasuries plus 165 bps
|
| Trade date: | Jan. 13
|
| Settlement date: | Jan. 20
|
| Expected ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB-
|
| Distribution: | Regulation S
|
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