Bank of India talks $250 million minimum five-year notes at Libor plus 65-70 bps

By Paul A. Harris

St. Louis, Sept. 20 - The Bank of India talked its $250 million minimum offering of five-year notes at Libor plus 65 to 70 basis points, according to a market source.

The deal is being marketed this week in Asia and is expected to price mid-to-late in the week.

Barclays Capital, Deutsche Bank and HSBC are the bookrunners.

Proceeds will be used to fund overseas expansion.

The prospective issuer is a state-run bank with headquarters in New Delhi.

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