Davis Polk Advises ICICI Bank Limited on $750 Million Notes Offering

Davis Polk advised ICICI Bank Limited, acting through its Dubai branch, in connection with a Rule 144A/Regulation S offering of $750 million aggregate principal amount of 4.8% notes due 2019. Barclays Bank PLC, Citigroup Global Markets Inc., Deutsche Bank AG, Singapore Branch, The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Standard Chartered Bank were the joint lead managers and dealers for the offering.

ICICI Bank is the largest private sector bank in India and the second-largest bank in India in terms of total assets. ICICI Bank has over 3,505 branches in India and branches and representative offices throughout the world, including in the United States, Canada, Europe and Asia. ICICI Bank is listed on the Bombay Stock Exchange and the National Stock Exchange of India and has its ADSs listed on the New York Stock Exchange.

The Davis Polk corporate team included partners Eugene C. Gregor and Margaret E. Tahyar, counsel Ferish Patel and registered foreign lawyer Tae-Hun Kim. Counsel Alon Gurfinkel provided tax advice. Jessica Ling Zhang was the legal assistant on the transaction. Members of the Davis Polk team are based in the Hong Kong, London and New York offices.

www.davispolk.com


Related Posts: