UTI Bank sets bond indicative yield: Source

Hong Kong, Aug 3: India's UTI Bank has set an indicative yield range of 175 to 200 basis points over mid-swaps for its 0 million, 15-year upper tier II subordinated bond, a market source said on Thursday.

Barclays Capital, Citigroup and Deutsche Bank are the joint lead managers for the proposed bond issue, which is callable after 10 years.

The subordinated bond offer would be part of UTI Bank's medium-term note programme.

Reuters