UBI set to release price guidance

02 Aug 2010

Union Bank of India will announce price guidance in the next few hours for the latest dollar bond issue from an Indian financial institution. It approached investors with price whispers on Tuesday, but decided to hold the order book open for another day in a bid to generate more demand.

Barclays Capital, Citi, Deutsche Bank, Standard Chartered and UBS are arranging the 5.5 year deal, and approached investors with whispers of the low 300s over Treasuries on Monday. They had built a book worth more than $1bn by the end of Asian trading, but decided to hold the ...

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