Indian Banks & Financials
Indian banks and financial issuers.
Indian financial and lending institutions in the USD crossborder market are offering compelling riskadjusted yields, with the current screening universe concentrated in the midtolong end of the curve trading at notable discounts to par. Yieldtoworst levels across the topranked cohort are particularly striking, led by highbeta names like CPRGLC offering 8.626% on its December 2029 maturity and IIFOIN printing an attractive 8.479% yield on its July 2030 paper. For fixedincome portfolios targeting emerging market financial exposure, shorterduration alternatives such as MGFLIN's May 2028 bond at a 7.44% YTW provide robust carry while balancing credit tiers spanning the B+ to BB spectrum.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Capri Global Capital Ltd | …AA11 | 7.55 | 8.626 | 97.03125 | 2029-12-09 | High Yield 1 | USD | 300MM | |
| 2 | Capri Global Capital Ltd | …AA75 | 7.55 | 8.626 | 97.03125 | 2029-12-09 | High Yield 1 | USD | 300MM | |
| 3 | IIFL Finance Ltd. | …MP79 | 7.6 | 8.479 | 97.2301137 | 2030-07-10 | B+ | USD | 300MM | |
| 4 | Sammaan Capital Ltd. | …9232 | 7.5 | 8.354 | 97.15625 | 2030-10-16 | BB- | USD | 450MM | |
| 5 | Fairfax India Holdings Corporation | …AA69 | 5 | 8.22 | 96 | 2028-02-26 | 2027-12-26 | No Rating | USD | 500MM |
| 6 | IIFL Finance Ltd. | …MD40 | 7.6 | 8.137 | 98.575 | 2029-09-10 | B+ | USD | 500MM | |
| 7 | Sammaan Capital Ltd. | …9400 | 8.95 | 7.906 | 101.7441288 | 2028-08-28 | BB- | USD | 300MM | |
| 8 | Sammaan Capital Ltd. | …2053 | 9.7 | 7.752 | 101.2708334 | 2027-07-03 | BB- | USD | 306MM | |
| 9 | IIFL Finance Ltd. | …ET83 | 8.75 | 7.603 | 101.8284804 | 2028-07-24 | B+ | USD | 412MM | |
| 10 | Manappuram Finance Ltd. | …7364 | 7.375 | 7.44 | 99.9001774 | 2028-05-12 | BB- | USD | 270MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.