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-Indian Overseas Bank meets global bond investors.

Global Banking News-April 8, 2011--Indian Overseas Bank meets global bond investors(C)2011 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 08 April 2011

Indian Overseas Bank (532388.BO) (IOB.NS) is planning to meet global bond investors from April 7 to April 11 for marketing a potential bond sale, Dow Jones has reported citing two people familiar with the matter.

The bank has hired Citigroup Inc (NYSE: C), HSBC Holdings Plc (LSE: HSBA) (NYSE: HBC) (HKG: 0005), Royal Bank of Scotland Group Plc (RBS) (LSE: RBS) (NYSE: RBS-PP), and Standard Chartered Plc (LSE: STAN) (STD.DE) (OTC: SCBFF) (HKG: 2888) to manage the transaction.

The bank will decide on whether to proceed with a transaction after the investor update meetings, the sources said. No further details on the planned issuance have been disclosed.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

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Publication:Telecomworldwire
Date:Apr 8, 2011
Words:156
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