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State Bank of India $300 million five-year eurobonds talked Libor plus 50-55 bps
By Reshmi Basu
New York, Dec. 5 - State Bank of India set price guidance for a $300 million offering of five-year eurobonds (Baa2/BB+/BBB-) at Libor plus 50 to 55 basis points, according to a market source.
The deal with be structured as floating-rate notes.
Barclays Capital, Citigroup, and Deutsche Bank are joint bookrunners for the Regulation S deal.
Pricing is expected to take place later this week.
State Bank of India is a New Delhi, India-based state-run bank.
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