Indian Dollar Bonds Tighten After S&P Upgrade

  Published 9 months ago

S&P upgrade sharpens Indian corporate dollar bond demand, tightening spreads across banks, EXIM, Reliance market.

  • Spread on SBI 2029 bond fell to 64 bps, from 77 bps pre‑upgrade in market.
  • EXIM Bank 2035 issue tightened to 71 bps versus 10‑year Treasuries, down from 83 previously.
  • Reliance 2032 bond spread narrowed 14 bps to 63 bps, tightest since 2022 issuance today.

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