Economic TimesLean R·
SBI, Axis Bank among lenders set for $2 billion ECB fundraising via RBI swap
Mumbai: State Bank of India (SBI), Axis Bank, Bank of Baroda (BoB) and government-owned non-bank lender Power Finance Corporation (PFC) will tap the overseas bond markets, perhaps as early as next week, to collectively raise at least $2 billion, multiple bankers directly associated with these fundraising initiatives told ET.These financial institutions are raising money overseas to take advantage of the 1.5% fixed rate swap provided by the Reserve Bank of India (RBI) on external commercial borr…
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