State Bank of India sets guidance for $300 million five-year senior notes at T+120 bps area

By Reshmi Basu

New York, Nov. 29 - The State Bank of India (SBI), acting through its London branch, set price guidance for its $300 million five-year senior fixed-rate notes (Baa2/BB) in the area of Treasuries plus 120 basis points or mid-swaps plus 80 basis points, according to a market source.

The roadshow wraps up in London on Tuesday. Pricing is expected this week.

Citigroup, Deutsche Bank and HSBC are running the Regulation S issue.

State Bank is India's largest commercial bank and is headquartered in Mumbai.

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