Union Bank of India Said to Plan 5 1/2-Year Dollar Denominated Bond Sale

Union Bank of India is marketing its planned sale of 5 1/2-year bonds with a spread in the low 300 basis-point range more than similar-maturity Treasuries, according to a person familiar with the matter, who asked not to be identified because the details are private. A basis point is 0.01 percentage point.

To contact the reporter on this story: Shelley Smith in Hong Kong at ssmith118@bloomberg.net

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