INSUBCONTINENT EXCLUSIVE:
Non-banking financial companies have raised more than $2 billion of overseas bonds.Bloomberg|Jun 04, 2019, 10.24 AM ISTBCCLUjjivan Small
record compared with the same period in previous years, according to data compiled by Bloomberg
The lifeline is welcome, even as it underscores a scramble after a string of defaults by peer ILFS Group last year made investors wary.
The
delivery businesses to property tycoons looking to roll over debt
obviously some risk premium being attached to the sector by international lenders, compared to funding rates for similarly-rated
investment advisory at Sun Global Investments.For investment-grade companies from India, dollar bond issuance will mainly come from non-bank
financial institutions, as their funding conditions onshore have been very tight in the wake of the ILFS situation, according to Annisa Lee,
head of Asia ex-Japan flow credit analysis at Nomura International (HK) Ltd
Kapur, head of corporate finance, Sun Global Investments
Most non bank financial institutions would be looking to raise funding from international capital markets, he added.SBI has a plan ready to
cash in on India's shadow bank crisisRBI plans liquidity buffer at shadow banks to aid stressed sectorShadow banks feel sting as mutual
funds cut exposureIndia's shadow banks dread builder bankruptciesChina's clampdown on shadow banking has pushed borrowers into the
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