The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Yes, Federal, RBL put dollar bond plans on hold

News Snapshot:

Mumbai: Yes Bank has withdrawn a plan to raise US dollar debt by selling international bonds after investors demanded higher yields and as the deadline to raise foreign currency deposits through the special RBI swap window was very close.Read more: Outward remittances under LRS up at $2.5 billionTwo other private lenders, Federal Bank and RBL Bank, have also shelved their planned dollar bond issuances for now as they await a more opportune time to raise the money as an oversupply of bonds from India has led to a spike in investor demand for yields.

Other China Tech Buzz: