ICICI Bank’s $300 million Eurobond bags best country deal award

ICICI Bank’s $300 million Eurobond has been awarded for being the best bond issue of India and emerging Asian market during 2003, by two foreign magazines. While Finance Asia named the bond issue of ICICI Bank as ‘India — country deal’ of the year, another magazine IFR termed it as the ‘emerging Asia bond deal. ‘‘ICICI Bank priced the 5-year bonds in such a way that the deal not only priced inside the Indian offshore loan market but also repriced the Indian credit curve. This was the deal that put India firmly back on the map with global fixed income investors,’’ Finance Asia said. (PTI)