Indian Lenders Defer Dollar Debt Plans as Borrowing Costs Rise
At least four Indian state-run and private lenders are deferring plans to issue US dollar debt, officials and merchant bankers said, citing higher Treasury yields and hedging costs.
By Dharamraj DhutiaAt least four Indian state-run and private lenders are deferring their plans to tap the US dollar debt market as a recent spike in Treasury yields and hedging costs has made this proposition expensive, bank officials and merchant bankers said.Canara Bank NSE:CANBK, Punjab Nationa…