Citigroup beats HSBC as biggest arranger of bond sales from India
ICICI Bank , India's second-largest lender, hired Citigroup
, Barclays Capital and Deutsche Bank AG earlier this month to help sell $1 billion of bonds, three people familiar with the plan said, asking not to be identified as the matter is private. The difference in yields between India's securities due in a decade and US Treasuries widened 22 basis points this month to 555, or 5.59 percentage points. The gap has grown from 375 at the end of 2009.
Citigroup beats HSBC as biggest arranger of bond sales from India