Yes Bank, Federal Bank, RBL Bank defer dollar bond issuances
Yes Bank has withdrawn its dollar debt issuance plan as international investors sought higher yields. Federal Bank and RBL Bank have similarly deferred their dollar bond offerings, citing unfavorable market conditions.
The three lenders are awaiting a more opportune time to raise foreign currency financing. An oversupply of Indian bonds in the market has increased investor expectations for better returns, making fundraising costlier for domestic financial institutions.
