Bond issuance follows commitments for $1.75 billion that VRL had received earlier for a three-month term loan facility, taking the total amount of debt to $3.15 billion across global debt mark
Google parent issued a $5.75 billion sustainability bond, the largest such offering in history
Bond dealers said the market wanted the RBI to offer them higher coupon for the switch, as the source security is maturing just next month.
The yield on the most-traded 6.45 per cent 2029 note dropped 10 basis points to 6 per cent, extending Wednesday's 7-basis point fall.
Yields on 10-year bonds slid as much as eight basis points to to 6.08 per cent after surging by as much as 12 basis points earlier.
Bid and offer pattern shows a healthy market response
The yield on the 6.18 per cent 2024 bond fell 26 basis points to 5.48 per cent.
In all, Credit Suisse has included 23 countries for the study as a part of this Yearbook.
This is PFC's third international bond issuance in FY20 as well as the largest bond in a single tranche
The Reserve Bank of India will buy 100 billion rupees ($1.4 billion) of the 6.45 per cent 2029 debt and sell an equal amount of notes maturing next year in an auction on Monday.
Yields have climbed 25 basis points to 6.71% after the central bank's decision on Dec. 5 to hold policy combined with worries over government borrowings.
It has a total debt of over Rs 19,000 cr, of which Rs 17,000 cr is from India business and rest from London market, but Lodha exuded confidence that it would become net debt free in the next 2 years
They say it is anti-patriotic as it could create long-term risks for the economy, potentially allowing rich foreign nations and their financial institutions to dictate the country's policies
Investors who wish to take a duration risk now should do so through dynamic bond funds rather than long-duration funds
To stop this outflow, the Reserve Bank of India (RBI) late on Friday allowed foreign investors to invest in any maturity they want