BofA to invest $1.9 billion for 49.9% stake in Jio Financial NBFC unit

Bank of America is making headlines with its planned acquisition of a substantial 26.5 percent interest in Jio Credit. This deal, involving a preferential allotment of equity shares and warrants, could see its stake grow to 49.9 percent. The investment signifies Bank of America’s commitment to strengthening its foothold in India’s financial landscape, utilizing local knowledge for enhanced market development.

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EM local bonds gain favour as dollar debt lags

Current trends indicate that investors are leaning towards local emerging market debt rather than dollar-denominated bonds. The allure of attractive valuations combined with ongoing carry

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