ICICI Bahrain unit to sell sterling bonds

Hong Kong, May 11: The Bahrain branch of ICICI Bank will sell three-year sterling denominated bonds at an indicated price level of around 85 basis points above UK government bonds, a source close to the deal said on Friday.

The offering will be handled by Deutsche Bank , Citigroup , BNP Paribas and HSBC and is likely to be priced on Friday, the source said.

The benchmark sized offering is part of the Indian bank's billion medium term note programme.

Reuters >