S. dollar Tier ‌2 ⁠subordinated ⁠bonds, according to an updated term sheet on Tuesday.

Here are some details:* Tier 2 bonds are a form of bank capital that can absorb losses if the lender gets into financial ⁠difficulty. India bonds stuck in narrow range, focus on oil, RBI liquidity movesIndian bond traders are navigating uncertain waters as soaring oil prices weigh heavily on market sentiment.

In response, the Reserve Bank of India is tightening liquidity to combat rising inflation. This strategic move intends to stabilize overnight rates and counterbalance the pressures of high crude costs.

S. * BNP Paribas, Citigroup, JPMorgan and Standard Chartered Bank are joint lead managers and bookrunners.