IDBI $300 million five-year notes price talk 180-185 basis points, to price mid-week

By Paul A. Harris

St. Louis, Feb. 23 - Price talk of 180-185 basis points emerged Monday on Industrial Development Bank of India's (IDBI) proposed $300 million of five-year bonds (Baa3//BB+), according to a market source.

The deal is expected to price during the middle of the Feb. 23 week.

JP Morgan and Citigroup are joint bookrunners on the Regulation S only offering.

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