Bank of India seeks its first dollar loan of $400 million in over a decade

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Bank of India seeks its first dollar loan of $400 million in over a decade - Business Standard

Quick Summary:

Bank of India joins a slew of other Indian borrowers seeking to raise foreign currency debt this year.Reliance Industries Ltd.

All this adds to the already busy deal pipeline from Asia Pacific, setting the stage for a likely rebound in loan volumes after three years of decline.

An external media representative for Bank of India confirmed the receipt of an email requesting comment, but wasn’t immediately able to give further details when contacted by Bloomberg News.