Union Bank Of India News
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India’s Kingfisher Airlines Ltd. escaped collapse in 2010 by restructuring 77.2 billion rupees ($1.4 billion) of debt it had run up buying airlines and adding routes amid the nation’s economic boom.
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Borrowers in the Asia-Pacific region sold the least dollar-denominated debt in six weeks, with Indian banks the only issuers as the summer holiday period continued. Bond risk dropped.
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Union Bank of India , a state-owned lender, plans to sell 5 1/2-year dollar bonds at a spread of about 315 basis points more than similar-maturity Treasuries, according to two people familiar with the matter.
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Union Bank of India is marketing its planned sale of 5 1/2-year bonds with a spread in the low 300 basis-point range more than similar-maturity Treasuries, according to a person familiar with the matter, who asked not to be identified because the details are private. A basis point is 0.01 percentage point.
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Union Bank of India , a state-owned lender based in Mumbai, hired five banks to arrange $150 million of three-year loans, a person familiar with the matter said.
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The risk of holding debt in Tata Motors Ltd. is dropping the most among automakers worldwide as sales at its Jaguar Land Rover unit increase during a global economic slump.
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Guangzhou R&F Properties Co. began marketing Asia’s second U.S. dollar-denominated junk bond this month as offerings of high-yield debt slow amid limited investor appetite for riskier assets. Credit risk rose.
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The cost of insuring Australian company bonds from default fell to the least since April after U.S. economic data beat estimates and as leaders in Europe plan debt-crisis talks. Bond risk in Asia also dropped.
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Following is a table showing certificate of deposits issued by Indian banks. The data has been provided by Derivium Tradition Securities(I) Pvt. Ltd, LKP Securities LTD., NVS Brokerage Ltd, SPA Securities Ltd and Trust Financial Consultancy Services.
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Iran has received $100 million in payments from an Indian refiner through Union Bank of India Ltd. and Istanbul-based Turkiye Halk Bankasi AS, the Press Trust of India reported, citing unidentified sources.
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