Bloomberg News

Indian Overseas Bank Hires Banks for Possible Dollar Bond Sale

March 26, 2012

Indian Overseas Bank (IOB) hired Barclays Plc, Citigroup Inc., Deutsche Bank AG, HSBC Holdings Plc (HSBA), JPMorgan Chase & Co., Royal Bank of Scotland Group Plc and Standard Chartered Plc to manage a possible sale of bonds denominated in dollars, Chairman M. Narendra said today.

The bank may raise as much as $500 million from the sale, Narendra said in a phone interview. “We will look at market feedback before raising money,” he said.

To contact the reporter on this story: Anurag Joshi in Mumbai at ajoshi53@bloomberg.net

To contact the editor responsible for this story: Andrew Monahan at amonahan@bloomberg.net


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