HDFC Bank raised a record $1.75 billion through three- and five-year dollar bonds, marking the largest debt capital market raise by an Indian financial institution. Strong investor demand generated over $7 billion in bids, enabling tighter pricing and supporting FCNR(B) deposit funding.
Dollar wobbles as investors balk at US Treasury’s rescue efforts
The dollar faced a decline on Friday, ending the week lower amid investor worries. Concerns arose over the U.S. Treasury’s bond buyback, which many viewed