HONG KONG, Oct 20 (Reuters) - State Bank of India, the country's largest lender, has issued initial price guidance of 200/215 basis points over mid-swaps for its 5-year dollar bonds, a source close to the deal said on Tuesday. The benchmark-sized offering has Barclays Capital, Citigroup, HSBC, JPMorgan and UBS as bookrunners.
The issue is likely to be priced during London business hours on Tuesday.
It has been rated Baa2 by Moody's Investors Service and BBB-minus by Standard & Poor's. (Reporting by Umesh Desai; editing by Ken Wills)