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Indian financial firms to tap $1.5 billion overseas bonds this week: Bankers

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.

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Economic TimesLean R·1h ago
Indian financial firms to tap $1.5 billion overseas bonds this week: Bankers
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.
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Indian financial firms to tap $1.5 billion overseas bonds this week: Bankers

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