Bank of Baroda brings benchmark bond

India's Bank of Baroda prices a $500 million 5.5-year bond on Friday morning, while Road King Infrastructure and LDK Solar both issue renminbi-denominated bonds.

Bank of Baroda, acting through its London branch, priced $500 million of 5.5-year bonds early last Friday morning. The bonds were issued at a spread of Treasuries plus 285bp to yield 5.125%. Around noon on Friday, the new bonds were straddling the reoffer price.

¬ Haymarket Media Limited. All rights reserved.

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