GK and monthly revision

Indian issuers hold dollar bond plans amid demand for higher yields

Indian issuers, including State Bank of India (SBI) and Bank of Baroda (BoB), have paused their plans to issue dollar bonds due to investor demands for higher yields amidst rising supply expectations. The widening spreads over US Treasuries have led these financial entities to reconsider their timing for bond issuance. This situation highlights the challenges faced by Indian banks and public sector undertakings (PSUs) in global bond markets, potentially shifting their focus towards loans or waiting for more favorable conditions.