Overseas bond sales may moderate as the US Federal Reserve increases interest rates. Bank of Maharashtra priced its debut bond at a higher yield than Union Bank of India. Indian companies have raised over $20 billion in dollar bonds this year. Higher US treasury yields increase the all-in cost for Indian issuers. Issuers may frontload fundraising before rates potentially rise further.
Overseas bond sales may moderate as the US Federal Reserve increases interest rates. Bank of Maharashtra priced its debut bond at a higher yield than Union Bank of India. Indian companies have raised over $20 billion in dollar bonds this year. Higher US treasury yields increase the all-in cost for Indian issuers. Issuers may frontload fundraising before rates potentially rise further.
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