We have investigated spin-wave excitations in a magnetic-field-induced 1/5-magnetization plateau phase in a triangular lattice antiferromagnet CuFeO2 (CFO), by means of inelastic neutron scattering measurements under applied magnetic fields of up to 13.4 T. Comparing the observed spectra with the calculations in which spin-lattice coupling effects for the nearest neighbor exchange interactions are taken into account, we have determined the Hamiltonian parameters in the field-induced 1/5- plateau phase, which directly show that CFO exhibits a bond order associated with the magnetic structure in this phase. ; Comment: 5 pages, 2 figures, accepted for publication in PRB