SBI and Bank of Baroda plan to issue $1 billion in dollar bonds, utilizing RBI's new subsidized hedging facility.
State Bank of India and Bank of Baroda are set to become the first users of the
Reserve Bank of India's subsidised hedging window for overseas
borrowings, with plans to raise about $1 billion through
five-year dollar bonds, three sources said on Friday.The state-run lenders are each targeting around $500
million, the sources said.Neither bank responded to Reuters requests for comment. The
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State Bank of India and Bank of Baroda are stepping into uncharted territory as the inaugural users of the Reserve Bank of…
HDFC Bank plans to raise at least $500 million via dollar bonds this week, utilizing the central bank's subsidized hedging…
Bank may raise over $500 million through a five-year dollar bond amid strong investor demand.
HDFC Bank has successfully raised $750 million through dollar bonds. This move capitalizes on the Reserve Bank of India's…
Indian banks request RBI subsidy on forex hedging costs to enhance dollar funding, aiming to stabilize the rupee.
HDFC Bank raises $750 million in the largest offshore bond deal by an Indian lender since May 2023.
