Bank of Maharashtra, Canara Bank eye dollar debt issuance this month, bankers say
Canara Bank and Bank of Maharashtra will raise $500 million each through dollar bonds. These lenders will issue three-year or five-year papers under a concessional swap window. This move aims to lower the cost of hedging currency exchange rate risks. Bank of Maharashtra is making its debut issuance, while Canara Bank has issued before. Both debt sales are anticipated to be completed during the month of September.
Canara Bank and Bank of Maharashtra will raise $500 million each through dollar bonds. These lenders will issue three-year or five-year papers under a concessional swap window. This move aims to lower the cost of hedging currency exchange rate risks. Bank of Maharashtra is making its debut issuance, while Canara Bank has issued before. Both debt sales are anticipated to be completed during the month of September.
Top Trending Stocks: SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price
Can going slow on IPOs revive India’s stock market fortunes?
An old India Inc habit: Ignore the nudge, wait for the stick
Q1 investment numbers look stellar, but are we celebrating too early?
Season of change in accounting policy: A simple AI prompt can tell you a lot
Patent Cliff approaching: Can Indian pharma companies repeat past success?
