Indian Overseas Bank braves tough market with debut bond

No mean feat: Indian Overseas Bank overcomes challenging markets to price a debut $500 million bond at the tight end.

Indian Overseas Bank, acting through its Hong Kong branch, last night priced a $500 million 5.5-year bond at the tight end of guidance. Getting a deal across the finish line for the debut borrower was no mean feat, as credit markets whipped wider yesterday.

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