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India's ICICI Bank talks $300 million five-year bonds at mid-swaps plus 75 bps
By Reshmi Basu
New York, Oct. 16 - India's ICICI Bank Ltd. set price talk for a $300 million offering of five-year senior bonds (Baa2/BB+/BBB-) at mid-swaps plus 75 basis points, according to a market source.
Deutsche Bank and Merrill Lynch are leading the Regulation S sale.
Meanwhile the book size has surpassed $700 million.
Last August, ICICI Bank sold $340 million of perpetual tier 1 bonds at 99.324 to yield Treasuries plus 247 basis points.
The issuer is a Mumbai, India-based bank.
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