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Published on 9/26/2007 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.

India's ICICI Bank talks $2 billion five-year bonds at Treasuries plus 237.5 bps

By Aaron Hochman-Zimmerman

New York, Sept. 26 - ICICI Bank Ltd. issued talk of Treasuries plus 237.5 basis points for its planned offering of $2 billion five-year senior unsecured bonds (Baa2//BBB-), according to a market source.

Deutsche Bank, Goldman Sachs and Merrill Lynch will act as bookrunners for the Rule 144A and Regulation S deal.

ICICI Bank is a Mumbai, India-based retail lender.


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