Indian Banks & Financials
Indian banks and financial issuers.
Indian financial issuers in the USD crossborder market are offering compelling riskadjusted yields, with the topscreened cohort currently providing yieldstoworst clustered between roughly 7.3% and 8.4%. Nonsovereign names like Capri Global (CPRGLC) and IIFL Finance (IIFOIN) lead the screen with high7% to mid8% yields on their 20282030 maturities, presenting attractive carry opportunities for investors seeking exposure to India’s robust domestic credit expansion. Meanwhile, issuers like Axis Bank (AXSBIN) and Indiabulls Housing Finance (IHFLIN) anchor the lower end of the screened yield range in the midtohigh 7% space, offering diversified maturity profiles that appeal to portfolio managers seeking stability within emerging market financials.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Capri Global Capital Ltd | …AA11 | 7.55 | 8.425 | 97.5625 | 2029-12-09 | High Yield 1 | USD | 300MM | |
| 2 | Capri Global Capital Ltd | …AA75 | 7.55 | 8.39 | 97.6579964 | 2029-12-09 | High Yield 1 | USD | 300MM | |
| 3 | IIFL Finance Ltd. | …MP79 | 7.6 | 8.31 | 97.75 | 2030-07-10 | B+ | USD | 300MM | |
| 4 | Fairfax India Holdings Corporation | …AA69 | 5 | 8.188 | 96 | 2028-02-26 | 2027-12-26 | No Rating | USD | 500MM |
| 5 | Sammaan Capital Ltd. | …9232 | 7.5 | 8.172 | 97.75 | 2030-10-16 | BB- | USD | 450MM | |
| 6 | IIFL Finance Ltd. | …MD40 | 7.6 | 8.066 | 98.75 | 2029-09-10 | B+ | USD | 500MM | |
| 7 | Sammaan Capital Ltd. | …2053 | 9.7 | 7.797 | 101.25 | 2027-07-03 | BB- | USD | 306MM | |
| 8 | Sammaan Capital Ltd. | …9400 | 8.95 | 7.684 | 102.13 | 2028-08-28 | BB- | USD | 300MM | |
| 9 | IIFL Finance Ltd. | …ET83 | 8.75 | 7.423 | 102.13 | 2028-07-24 | B+ | USD | 412MM | |
| 10 | Axis Bank Ltd. | …2552 | 6.875 | 7.312 | 98.125 | 2176-06-30 | 2031-12-30 | BB- | USD | 600MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.