Export-import bank of india priced its latest US dollar bond last week at the lowest coupon to date after the paper's eligibility for inclusion in the main emerging market bond index helped draw strong investor interest. The US$500m 5.5-year bond was priced on Monday night at 99.579 to yield 3.961%, or 220bp over US Treasuries. This was tighter than initial price talk in the area of 245bp over Treasuries, and at the tight end of the final guidance of 220bp-225bp over. The bonds traded tighter on debut, coming in to around 217bp-218bp over Treasuries.
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