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VERIFIEDET Markets·neutral
Top Indian state lenders eye first dollar bonds since RBI subsidy, sources say
AI Summary
- ·State Bank of India and Bank of Baroda plan to issue five-year dollar bonds worth one billion dollars.
- ·This issuance will be the first to utilize the Reserve Bank of India's new subsidised hedging mechanism.
- ·The banks aim to reduce their overseas borrowing costs through this strategy.