Indian financial firms to tap $1.5 billion overseas bonds this week: Bankers

Indian lenders are poised to issue approximately $1.5 billion in foreign-currency bonds this week, driven by a new, cost-effective hedging facility. Power Finance Corp is leading the charge with a planned $500 million sale, marking a significant move for non-bank lenders. State-run Bank of Baroda and private lender Axis Bank are also set to tap dollar markets, anticipating strong investor interest in these infrequent offerings.