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Funding and debt● Neutral for Indian equities
NaBFID raises $750 million in debut US dollar bond issuance
The brief
- NaBFID raised $750 million in its debut US dollar bond issuance
- The 10-year bond is the first drawdown under its $4 billion global note programme for infrastructure financing
- The bond expands funding for infrastructure; Indian project financiers and construction companies are exposed
- Dollar Hits 3-Month High on Prospect of Higher U.S. Rates
- Bears maintain grip on oil-importing Asian currencies as crude prices bite
- RBI forex swaps open lower-cost dollar funding route for Indian firms
- Dollar stays near two-month high as rising US Treasury yields support it
- US dollar retreats after softer-than-expected inflation data