Indian financial firms to tap $1.5 billion overseas bonds this week: Bankers (opens original article in a new tab)

Indian financial firms are set to issue $1.5 billion in overseas bonds this week, driven by a cheaper hedging facility, with Power Finance Corp, Bank of Baroda, and Axis Bank leading the initiatives.

• Indian lenders plan to issue $1.5 billion in foreign-currency bonds this week
• Power Finance Corp plans to sell $500 million in bonds with an initial yield spread of 130 basis points over U.S. Treasuries
• Bank of Baroda and Axis Bank also plan to issue dollar bonds, with potential size increases based on pricing