Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Forex News

India Credit Woes Ease Further as Dollar Loan Pipeline Rebounds

by
August 14, 2020
in Forex News, Top News
0
India Credit Woes Ease Further as Dollar Loan Pipeline Rebounds
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter
imageForex21 hours ago (Aug 14, 2020 01:45AM ET)

(C) Reuters. India Credit Woes Ease Further as Dollar Loan Pipeline Rebounds

(Bloomberg) — Indian companies are lining up the most dollar loans since the pandemic worsened, as stimulus steps boost investor sentiment and help ease a credit crunch.

Borrowers have sought at least $5 billion of dollar facilities since July 1. If they sign them this quarter, it would be the most since the first quarter. The Covid-19 crisis dragged volumes to the lowest since 2009 in the three months through June.

The financing may help companies, which have $12.6 billion of offshore bond and loans maturities next quarter, the most they’ve ever faced until now. While massive challenges remain with the pandemic, creditors are taking solace in government measures including a $277 billion economic stimulus.

Recent examples include borrowing plans of Vedanta (NYSE:VEDL) Resources Ltd. and ONGC Videsh Ltd., the overseas unit of India’s biggest state-run oil explorer.

KKR & Co LP (NYSE:KKR) this week also launched a $206 million secured loan to general syndication to fund a leveraged buyout of a controlling stake in J B Chemicals and Pharmaceuticals Ltd (NS:JBCH) It’s the first India-linked dollar loan in about two months to be marketed to a broader pool of international lenders.

India Credit Woes Ease Further as Dollar Loan Pipeline Rebounds

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

ShareTweetPin

Related Posts

Top News

Bumps expected on road back to something like post-Covid normality

February 23, 2021
Stock News

EVERYTHING YOU WANTED TO KNOW ABOUT THE TAAS STOCK ON ONE PAGE

February 15, 2021
EU says U.S. election has no bearing on trade talks with UK
Investing News

EU says U.S. election has no bearing on trade talks with UK

November 9, 2020
Dollar Dives, Stocks Roar on Election Clarity – What’s up in Markets
Investing News

Dollar Dives, Stocks Roar on Election Clarity – What’s up in Markets

November 9, 2020
BoE right to leave climate issues aside in COVID response: Bailey
Investing News

BoE right to leave climate issues aside in COVID response: Bailey

November 9, 2020
Brexit Britain faces five to ten year COVID recovery, Sorrell says
Investing News

Brexit Britain faces five to ten year COVID recovery, Sorrell says

November 9, 2020
Next Post
Chinese Industrial Data Casts Doubt on Economic Recovery

Chinese Industrial Data Casts Doubt on Economic Recovery

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!
 

Recommended

Hedge fund Bridgewater Associates sued by former co-CEO Murray

Hedge fund Bridgewater Associates sued by former co-CEO Murray

July 25, 2020

European shares fall as markets turn risk-averse; ECB in focus

July 16, 2020
Tech experts voice concerns of gig worker surveillance in pandemic

Tech experts voice concerns of gig worker surveillance in pandemic

November 12, 2020
Outstanding debt rises to P10.13T as of end-Nov.

Outstanding debt rises to P10.13T as of end-Nov.

January 6, 2021
4 online tools to streamline your business operations

4 online tools to streamline your business operations

December 2, 2020
Explainer: Can Trump send the U.S. military to quell violence at protests?

Explainer: Can Trump send the U.S. military to quell violence at protests?

June 2, 2020
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2021 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.







Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *




Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!