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

By Reshmi Basu

New York, Nov. 8 - ICICI Bank (Baa3/BB+) set price guidance for a $300 million offering of five-year senior fixed-rate notes in the area of Treasuries plus the low 130s basis points, according to a market source.

The deal is well oversubscribed with books at $700 million. The deal may price as soon as Wednesday, said a source.

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

The issuer is based in Mumbai, India.

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