Union Bank of India scraps bond plan after pricing debate

14 Apr 2010

Union Bank of India postponed its plans to sell dollar bonds this week after failing to agree with its lead managers on a target price.

UBI finished a roadshow on Monday, and until Tuesday evening a deal looked likely to launch a deal. But funding officials decided to cancel their plans after a lengthy phone call with lead managers Barclays Capital, Citi, Deutsche Bank and Standard Chartered

UBI is understood to have been ...

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