State Bank of India issues guidance on dlr bond-source

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HONG KONG, July 22 | Thu Jul 22, 2010 12:29am EDT

HONG KONG, July 22 (Reuters) - State Bank of India (SBI.BO) plans to issue a benchmark-sized five-year dollar bond at 285-300 basis points over U.S. Treasuries, a close source to the deal said on Thursday.

The deal may be priced later in the day, the source said.

Bank of America-Merrill Lynch (BAC.N), Citigroup Inc (C.N) Deutsche Bank AG (DBKGn.DE), HSBC Holdings Plc (HSBA.L)(0005.HK), Royal Bank of Scotland Group Plc (RBS.L) and UBS AG (UBSN.VX) (UBS.N) have been hired to manage the deal.

The issuer this week completed a roadshow ahead of the bond sale. It met investors in New York, London, Los Angeles, Boston, New York, Singapore, Hong Kong, Frankfurt and Zurich. (Reporting by Jun Ebias; Editing by Chris Lewis)

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