The issuance comes after recent measures by India's central bank to attract foreign capital, including aconcessional swap facilityfor lenders and state-run firms. The facility helps banks to access lower-cost funding at a time when credit growth continues tooutpacedeposit mobilization.
HDFC Bank has achieved its tightest-ever spread on a dollar bond issuance, a significant financial milestone. This development comes on the heels of recent Reserve Bank of India measures, including a concessional swap facility, aimed at attracting foreign capital. The facility…
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