MUMBAI, Dec 11 (Reuters) - ICICI Bank, India’s biggest private sector lender, is aiming to raise at least 100 million Swiss francs via a 7-year bond sale, a source close to the deal said on Tuesday.
ICICI has set guidance at 228 basis points over midswaps, with a fixed coupon of 2.75 percent, the source added. The issuance is rated ‘Baa2’ by Moody’s and ‘BBB’ by S&P.
Deutsche Bank is the sole arranger of the deal, the source also said, and the book will remain open until the end of the day. (Reporting by Archana Narayanan; Editing by Rafael Nam)