ICICI Bank in dollar bond sale: Source

ICICI Bank, India's second-biggest lender, has set price guidance of about 350 basis points over US Treasuries for dollar bonds due to mature in March 2015, a source close to the deal said on Thursday.

The benchmark-sized offering is being arranged by BofA Merrill Lynch, Credit Suisse and HSBC.

The deal, which was preceded by a series of investor meetings, is rated BBB-minus by Standard & Poor's and Baa2 by Moody's Investors Service and is likely to be priced this week.