US-dollar Bonds

HDFC Bank's latest $1.75 billion fundraise through the twin dollar bond issuance takes the bank's total fundraising through dollar bonds over the past two months to $2.5 billion

India's largest private sector lender seeks to tap three- and five-year bonds in its second dollar issuance in two months, as banks capitalise on RBI's concessional swap window

So far in 2026, Indian lenders have raised a record of over $10 billion through US dollar bonds, with more issuances expected as the RBI's concessional swap window remains open

The offerings reached $8 billion Thursday, breaching the previous record of $7.92 billion hit in 2019, according to data

The bank ​has offered a spread of 120 basis points above US Treasury for ​the three-year option and 130 bps on the five-year sale, the bankers added

The infrastructure lender plans to issue $500 million-$1 billion in 10-year bonds by September-end and expects a multilateral-backed loan of nearly $1 billion

The lender raised $500 million through five-year dollar bonds at 88 bps over US Treasuries and could return to the overseas market depending on its funding and liquidity needs

SBI plans to raise funds through five-year dollar bonds, with the final issue size hinging on its ability to compress the initial pricing guidance

This is ICICI Bank's first dollar bond issuance since 2017 and also the largest single tranche dollar bond issuance by an Indian issuer in 2026

The lender is expected to raise at least $500 million through a likely five-year bond issue, according to the bankers familiar with the matter

The country's largest lender becomes the latest Indian issuer to tap overseas debt markets under the RBI's concessional swap window with a $300 million bond issue

The bonds will be guaranteed by the parent firm as well as subsidiaries Twin Star Holdings, Welter Trading and Vedanta Holdings Mauritius II

India's third-largest private-sector lender raised $500 million through perpetual AT1 notes and $300 million through five-year senior unsecured notes under its GMTN programme

Both banks are targeting to raise around $500 million through five-year dollar bonds

Fed funds futures have added in about three basis points more in cuts this year, which is small but points to the risk that the Fed gets pushed into being more aggressive

Capitalising on strong demand, Exim Bank managed to tighten the final price by 30 basis points from the initial price guidance to achieve pricing of UST10+100 basis points

The RBI's frequent interventions have supported the rupee in the face of multiple headwinds, including a hawkish shift in the Federal Reserve's outlook for policy rates over 2025, concerns about India

So far in FY25 (up to October), Indian corporates have raised around Rs 35,000 crore from overseas investors through bonds

The firm had planned to raise funds via dollar denominated bonds maturing in three years and six months

The current dollar tranche would consist of a 5.5-year, 10.5-year and 30-year dollar bond, a term sheet seen by Reuters showed. Alibaba is also working on a 3.5-year, 5-year, 10-year and 20-year