India's ICICI Bank to issue $300 million five-year senior notes this week

By Reshmi Basu

New York, Nov. 7 - ICICI Bank (Baa3/BB+) plans to issue $300 million five-year senior fixed-rate notes this week, according to a market source.

Deutsche Bank and Merrill Lynch are joint bookrunners for the Rule 144A/Regulation S issue through ICICI's Singapore branch.

Pricing is expected to take place mid- to late-week.

This is the first Rule 144A transaction by the Mumbai, India-based bank.

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