Indian Banks & Financials
Indian banks and financial issuers.
Indian financial sector USDdenominated issuance is offering compelling carry, with yieldstomaturity across the screened universe clustering firmly in the mid7% to mid8% range. Issuers like IIFOIN (yielding up to 8.479% on its July 2030 maturity) and CPRGLC (offering an attractive 8.626% YTW on its December 2029 paper) present attractive relative value opportunities for investors seeking highbeta emerging market credit exposure. Shorterduration paper, such as IHFLIN's July 2027 maturity yielding 7.752% at a slight premium, provides solid riskadjusted return profiles amid a stabilizing regional macroeconomic backdrop.
| # | 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.