Indian Banks Line Up $2.5 Billion Debt Sales Using RBI Swap

At least four lenders including the State Bank of India are preparing to raise about $2.5 billion selling bonds in the coming weeks, tapping a Reserve Bank of India facility...

By Saikat Das, Bhaskar Dutta · Bloomberg Markets

At least four lenders including the State Bank of India are preparing to raise about $2.5 billion selling bonds in the coming weeks, tapping a Reserve Bank of India facility that makes it cheaper to borrow dollars, according to people familiar with the matter.