New Delhi, Dec 30: ICICI Bank's 300 million dollar 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 re-priced the Indian credit curve. This was the deal that put India firmly back on the map with global fixed income investors," Finance Asia said in its recent issue.
DSP Merrill Lynch and deutsche bank were the joint lead managers to the 300 million debt issue of ICICI Bank.
"ICICI Bank's 300 million dollar eurobond issue reopened the international markets for the Indian borrowers," DSP Merrill Lynch chairman Hemendra Kothari said in a statement. Bureau Report