India's ICICI Bank UK talks $300-$500 million note offering at Libor plus 65 bps area

By Reshmi Basu

New York, Feb. 13 - ICICI Bank UK plc has set price guidance on its $300 million to $500 million offering of five-year senior unsecured notes in the area of Libor plus 65 basis points, according to a market source.

Barclays Capital and Deutsche Bank are lead managers for the Regulation S issue.

The issuer is a unit of Mumbai, India-based ICICI Bank Ltd.

Pricing is expected to take place later this week.

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