Bookrunners Deutsche Bank, Citigroup, BNP Paribas, and HSBC helped ICICI rated BBBBaa2 achieve a benchmark deal and significant diversification of its investor base. The note priced at par at 40bp over Euribor, or 39bp over dollar Libor.
ôThe market settled thanks to favourable economic housing and FOMC data from the US, from which the whole market has been driven lately. This allowed some recovery and stability,ö says one banker.
ICICIÆs 2009 fixed-rate curve is currently trading at...
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