India's Federal Bank latest lender to tap dollar debt market via GIFT City, bankers say
MUMBAI: India’s private sector lender Federal Bank has become the latest bank to tap the dollar debt market through its branch in GIFT City, as domestic lenders rush to raise overseas funds, two merchant bankers said on Monday. Federal Bank is aiming to raise $500 million through a five-year dollar bond sale, the bankers said, requesting anonymity as they are not authorised to speak to the media.…
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