India’s State Bank of India (SBI) has successfully priced a 5-year $750 million bond at a coupon rate of 4.875%, issued under its MTN (medium-term note) programme. The bank offered a rate 145 basis points above the five-year US treasury bond, reflecting strong demand for credit despite the Reserve Bank of India raising interest rates by 250 basis points since…
In an economic context that has been globally complex, where many countries have experienced record inflationary numbers, India not only manages to avoid the prolonged inflationary scenario, but also, according to studies, it is on its way to becoming the economy of fastest growing in the world, according to the Reserve Bank of India (RBI). Mandhir Singh Todd explains everything…