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Canara tests demand ahead of Indian bank bond rush

10 Mar 2011

Canara Bank’s $350m issue, the third big dollar bond from an Indian bank this year, has left debt bankers wondering how many more deals the market can absorb. The September 2016 bond, Canara’s first senior unsecured bond in the international market, follows deals from Bank of India and Bank of Baroda and bankers expect plenty more from India’s banking sector.

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10 Mar 2011