BANKINDIA

, PNB plan infra bond sales after robust demand for BoB issue

Robust demand from long-term investors for an Indian state-run lender's mega infrastructure bond issue this week has prompted two others to tap the market before the end of the financial year, three sources familiar with the matter said on Thursday. Bank of India and Punjab National Bank are among lenders that could issue infrastructure bonds over the next three weeks. Bank of India could raise up to 100 billion rupees ($1.09 billion), while PNB will consider a 20-50 billion-rupee issue, the sources added, requesting anonymity as they're not authorised to speak to the media.