Dollar bond demand may soften as US yields rise
Bankers expect overseas bond sales by Indian issuers could moderate as higher debt-raising costs follow the US Federal Reserve’s first rate increase in three years.
Joel Rebello in Mumbai: Overseas bond issuance, which bankers say appears headed for an annual record, may ease after the US Federal Reserve’s first rate increase in three years is expected to push up borrowing costs for Indian companies. Bank of Maharashtra priced its debut five-year overseas bond…