RBL, BoM eye dollar bonds to refinance FCNR funding
MeridStreet AI summaryRBL Bank and Bank of Maharashtra are planning to issue dollar bonds in the international market to refinance their short-term loans. This move is aimed at repaying the loans they took to fund FCNR(B) deposits. The FCNR(B) window has closed, and these banks are now looking to optimize their asset-liability structures by refinancing their short-term loans.
Read the source report: Economic Times →
Why it matters
RBL Bank and Bank of Maharashtra are looking to refinance their short-term loans. This could help them manage their debt obligations and reduce their financial risks.
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