Indian Non-Banking Financial Firms Prepare to Raise Over $1 Billion via Rupee Bonds

Shadow Lenders in India Line Up Over $1 Billion in Rupee Bonds

India’s shadow lenders are set to raise at least 100 billion rupees ($1.1 billion) through the issuance of local-currency bonds as early as next week, according to people familiar with the matter, as they race to lock in borrowing costs before they rise further.

By Divya Patil