Union Bank of India became the first Asian bank to sell an international bond issue this year, when it closed a Sfr160m ($166m) deal at the end of last week. It was the first Swiss franc issue from an Indian bank in more than 20 years.
Sole bookrunner Barclays Capital approached investors with a proposed Sfr125m issue last week, but got enough demand to increase the size of the issue to Sfr160m…
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