India's Icici Bank talks add on to 4.8% notes due 2019 at 185 bps

By Christine Van Dusen

Atlanta, May 29 - India's Icici Bank Ltd. set talk in the Treasuries plus 185 basis points area for an increase of its 4.8% notes due May 22, 2019 (expected ratings: Baa2/BBB-/), a market source said.

HSBC and RBS are the bookrunners for the deal, which is expected to price on Thursday.

The original $750 million issue priced at 99.609 to yield 4.882%, or Treasuries plus 355 basis points, on Nov. 18, 2013.

Icici Bank is based in Mumbai, India.

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