ICICI Bank, India's second biggest lender, will open a 7.5 billion rupee ($150 million) lower Tier 2 bond issue on Wednesday, three sources, including a bank official, said on Monday.

The 10-year bond issue carries a coupon of 9.3 percent and has a greenshoe option, the company official said. ($1= 49.9 Indian rupees) (Reporting by Anurag Joshi and Jeanette Rodrigues; editing by Rosemary Arackaparambil)