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Published on 2/22/2011 in the Prospect News Emerging Markets Daily.

Indian Overseas Bank plans to sell $500 million notes due 2016

By Christine Van Dusen

Atlanta, Feb. 22 - Indian Overseas Bank plans to offer $500 million of notes due 2016 by the end of the first quarter, a market source said Tuesday.

Citigroup, HSBC, JPMorgan, RBS and Standard Chartered have been linked to the transaction.

Indian Overseas Bank is a lender based in Chennai, India.


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