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.
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.
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.
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.
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.
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.