SYDNEY, March 24 (IFR) - First Gulf Bank FGB.AD (A2/NR/A+) has set initial guidance of the 155 basis point area over Australian swaps for its upcoming issue of a five-year bond denominated in Australian dollars.

The deal is expected to price on Tuesday in the Sydney morning. ANZ, HSBC and Nomura are the lead managers on the deal.

(Reporting by Davide Scigliuzzo)

((andrew.torchia@thomsonreuters.com)(+9715 6681 7277)(Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))

Keywords: FGB BONDS/GUIDANCE