By Christine Van Dusen
Atlanta, Feb. 9 - Bank of India priced a $750 million two-tranche issue of notes due 2015 and 2021, a market source said.
The deal included $250 million 4¾% notes due Oct. 7, 2015 that came to market at 100.18 to yield Treasuries plus 235.5 basis points. The notes priced in line with talk of Treasuries plus 235 bps.
A $500 million tranche of 6¼% notes due Feb. 16, 2021 priced at 99.587 to yield Treasuries plus 260 bps, which priced in line with talk.
Barclays Capital, Deutsche Bank, HSBC, RBS and Standard Chartered were the bookrunners for the Regulation S deal.
Bank of India is a lender based in Mumbai, India.
| Issuer: | Bank of India
|
| Amount: | $750 million
|
| Description: | Notes
|
| Bookrunners: | Barclays Capital, Deutsche Bank, HSBC, RBS, Standard Chartered
|
| Trade date: | Feb. 9
|
| Settlement date: | Feb. 16
|
| Distribution: | Regulation S
|
|
|
| Notes due 2015
|
| Amount: | $250 million
|
| Maturity: | Oct. 7, 2015
|
| Coupon: | 4¾%
|
| Price: | 100.18
|
| Spread: | Treasuries plus 235.5 bps
|
| Price talk: | Treasuries plus 235 bps
|
|
|
| Notes due 2021
|
| Amount: | $500 million
|
| Maturity: | Feb. 16, 2021
|
| Coupon: | 6¼%
|
| Price: | 99.587
|
| Spread: | Treasuries plus 260 bps
|
| Price talk: | Treasuries plus 260 bps
|
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