Jun. 22 at 5:20 AM
🇮🇳⚡Foreign Banks Ramp Up India ABS Exposure, Buying Estimated
$5.6 Billion of Bonds
India's asset-backed securities (ABS) issuance reached a record ₹1.53 trillion (
$16 billion) in the fiscal year ended March.
Foreign banks increased their share of total bond issuance to ~35%, up from 28% and 30% in the previous two fiscal years.
At current issuance levels, overseas lenders bought an estimated
$5.6 billion worth of ABS securities.
Major foreign buyers reportedly included Barclays, Citigroup, JPMorgan Chase and Standard Chartered, highlighting rising global interest in India's fast-growing economy.
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