Nov. 20 (Bloomberg) -- ICICI Bank Ltd., India’s second- biggest lender, will price $750 million of 2015 bonds to yield between 337.5 basis points to 350 basis points more than similar-maturity U.S. government debt, according to an e-mail sent by the managers to investors.

The sale will be managed by BofA Merrill Lynch, Credit Suisse Group AG and HSBC Holdings Plc, and the bonds should price early in New York hours today, the e-mail said.

A basis point is 0.01 percentage point.

To contact the reporter responsible for this story: Katrina Nicholas at Knicholas2@@bloomberg.net

Last Updated: November 20, 2009 04:31 EST