Yes Bank, RBL put dollar bond plans on hold
Yes Bank withdrew its dollar debt plan as investors sought higher yields. RBL Bank also postponed their dollar bond issuances. These lenders await a more favorable time to raise necessary foreign currency. An oversupply of Indian bonds has increa...
By ET Bureau | Updated:
ETMarkets.com
Mumbai: Yes Bank has withdrawn a plan to raise US dollar debt by selling international bonds after investors demanded higher yields and as the deadline to raise foreign currency deposits through the special RBI swap window was very close.
Read more: Outward remittances under LRS up at $2.5 billion
Another private sector lender, RBL Bank, has also shelved its planned dollar bond issuances for now as it await a more opportune time to raise the money as an oversupply of bonds from India has led to a spike in investor demand for yields.
Read more: Outward remittances under LRS up at $2.5 billion
Another private sector lender, RBL Bank, has also shelved its planned dollar bond issuances for now as it await a more opportune time to raise the money as an oversupply of bonds from India has led to a spike in investor demand for yields.
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