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Bank of India lowers bond indicative yield-source

Written by: Staff
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HONG KONG, Sep 14 (Reuters) Bank of India has lowered the indicative yield range for its 0 million, 15-year upper tier II subordinated bond on the back of strong demand, a market source said on Thursday.

The indicative yield range was revised to 140-145 basis points over mid-swaps from an initial 145 to 155 basis points over mid-swaps, the source said.

The deal, callable in 2016, was expected to be priced on Thursday during London trading hours.

REUTERS VJ RN0610

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