Aug
20

Indian Firms May Find Loans Abroad Costlier as Easy Money Ends

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  • UOB, others have also forecast financing costs to rise ahead
  •  Yes Bank sweetened terms on new loan by increasing margin

Indian firms have enjoyed the cheapest foreign-currency loan costs in more than a decade, but may find the tides turning as banks become more selective.

That’s the view of Sandeep Bhatt, Mumbai-based senior regional manager for India at Export Development Canada, which has been active on Indian loans including major recent deals such as NatSteel Asia Pte, a unit of Tata Steel Ltd. Spreads on investment-grade dollar loans for Indian borrowers may rise over the next six months, he said…

Indian Firms May Find Loans Abroad Costlier as Easy Money Ends

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