Indian Banks & Financials
Indian banks and financial issuers.
The Indian financial sector USD bond screen highlights compelling riskadjusted carry opportunities, anchored by yieldstomaturity ranging from the mid7% to over 8.5% across a 20272030 maturity profile. Frontend and intermediate opportunities—such as the IHFLIN 9.7% maturing in July 2027 offering a 7.79% YTW and the IIFOIN 7.6% due September 2029 yielding 8.067%—provide attractive durationmatched income in a stable macroeconomic environment. Higherbeta segments of the screen offer enhanced total return potential, evidenced by the CPRGLC 7.55% papers trading near 97.30 to deliver yields approaching 8.5%, appealing to credit selectors seeking yield pickup within emerging market financials.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Capri Global Capital Ltd | …AA11 | 7.55 | 8.524 | 97.3007813 | 2029-12-09 | High Yield 1 | USD | 300MM | |
| 2 | Capri Global Capital Ltd | …AA75 | 7.55 | 8.484 | 97.40625 | 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 | 8.067 | 98.75 | 2029-09-10 | B+ | USD | 500MM | |
| 7 | Sammaan Capital Ltd. | …2053 | 9.7 | 7.79 | 101.25 | 2027-07-03 | BB- | USD | 306MM | |
| 8 | Sammaan Capital Ltd. | …9400 | 8.95 | 7.683 | 102.13 | 2028-08-28 | BB- | USD | 300MM | |
| 9 | IIFL Finance Ltd. | …ET83 | 8.75 | 7.421 | 102.13 | 2028-07-24 | B+ | USD | 412MM | |
| 10 | Manappuram Finance Ltd. | …7364 | 7.375 | 7.281 | 100.13 | 2028-05-12 | BB- | USD | 270MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.