Indian lenders are poised to issue approximately $1.5 billion in foreign-currency bonds this week, driven by a new, cost-effective hedging facility. Power Finance Corp is leading the charge with a planned $500 million sale, marking a significant move for non-bank lenders. State-run Bank of Baroda and private lender Axis Bank are also set to tap dollar markets, anticipating strong investor interest in these infrequent offerings.
Indian financial institutions are set to raise approximately $1.5 billion through foreign-currency bonds this week. This surge is attributed to a new, cost-effective hedging facility. Power Finance Corp plans a $500 million sale, with Bank of Baroda and Axis Bank also poised to…
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