India: HDFC puts $750m masala bonds plan on hold due to adverse rates

India: HDFC puts $750m masala bonds plan on hold due to adverse rates

Visual from HDFC website

The country’s India’s biggest mortgage lender Housing Development Finance Corp (HDFC) has dropped its plans for an overseas sale of rupee bonds — also known as masala bonds — due to adverse interest rates, as per a report in The Economic Times.  The company will revisit the plan as the market improves.

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