The three-year floating-rate deal priced at 47bp over three-month Libor, comfortably inside a $500 million ICICI trade that closed at 54bp just two weeks ago and flat to where that deal was trading in the market at the time of pricing.
The bookrunners, Citigroup and Deutsche Bank, announced the deal on Monday morning and closed the books 36 hours later after drumming up $720 million of orders from eager investors.
Such opportunism was inspired by the success of the earlier ICICI deal û a landmark offering that raised $2 billion on the back of an...
¬ Haymarket Media Limited. All rights reserved.
