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Indian firms ready $3 billion of debt issues with eye on potential RBI rate hike
MUMBAI: Indian companies are rushing to lock in borrowing costs ahead of a potential rate hike by the central bank, with about $3 billion of rupee debt issuances lined up over the next few days. Large Indian conglomerates, state-run firms, infrastructure investment trusts and non-bank finance companies are preparing at least 290 billion rupees ($3.02 billion) of short- to long-duration bond sales ahead of the central bank’s October 7 monetary policy decision. Some ofthe prominent corporate borrowers issuing debt include Reliance Industries, Vedanta, Delhi International Airport, Adani Airport H...
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