A planned bond sale by State Bank of India may help the nation’s borrowers decide whether the timing is right to return to the offshore market, which they’ve been shut out of amid an emerging-market rout.
India’s largest lender, which is seen by international investors as a proxy for the sovereign, started a roadshow on July 9 for a dollar-denominated green bond. No Indian company sold offshore notes last quarter, the first time that happened since 2009, as a selloff in emerging-market assets following rate increases from the US Federal Reserve damped investor appetite.
The going won’t be easy for

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