We use cookies to improve your experience. By using BondbloX, you agree to our use of cookies.
Bond Market News
Indian Lenders Set to Raise $2.5bn amid RBI’s Discounted Swap Line
June 22, 2026
At least four Indian lenders, including State Bank of India (SBI), Axis Bank, Bank of Baroda, and Power Finance Corp, are preparing to collectively raise about $2.5bn via dollar bond issuances in the coming week(s). SBI is expected to raise up to $1bn, while the remaining three institutions plan to raise at least $500mn each, with most borrowings structured for five-year tenors. The issuances are facilitated by the RBI’s concessional swap window, which allows lenders to access lower-cost dollar funding at a fixed rate of 1.5% per year. Last week, HDFC Bank priced a $750mn bond at its tightest-ever spread, with analysts noting that the deal underscored the appeal of the swap facility. SBI’s board separately approved a plan this week to raise up to INR 600bn ($6.4bn) in local and foreign currency debt in the fiscal year ending March 2027. The wave of planned issuance reflects broader RBI efforts to attract foreign capital and stabilise the rupee, which touched an all-time low of near 97 per dollar last month. Citigroup’s India CEO K. Balasubramanian estimated that the RBI’s measures could draw as much as $80bn in inflows by year-end.
Dollar bonds of Indian issuers traded stable. For instance, SBI’s 4.5% 2030s were at 97.9, yielding 5.1%
For more details, click here
Colombia’s Right Wing Candidate Espriella Wins Presidential Elections
Far-right lawyer Abelardo de la Espriella won Colombia’s presidential runoff, defeating leftwing senator Iván Cepeda with 49.66% of the vote against Cepeda’s 48.7%. The result marks a sharp swing after four years under Colombia’s first leftwing president Gustavo Petro, who backed Cepeda as his constitutionally mandated successor. Espriella’s victory is seen as part of a broader far-right wave across Latin America, following recent electoral wins in Honduras and Chile, and is accompanied by the endorsement of US President Donald Trump. US Secretary of State Marco Rubio signalled close cooperation with Colombia on regional security, illegal immigration, and economic ties. Economist José Manuel Restrepo, who served as finance minister under former president Iván Duque will join Espriella as vice-president. However, the transition is said to face turbulence after Petro alleged irregularities in the preliminary vote count without providing evidence. He added that said he would only recognise the outcome of the official scrutiny process expected within two days. Espriella is set to take office on August 7.
Colombia’s 5.625% 2044s were trading stable at 87.5, yielding 6.85%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
Our Awards
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.