Indian Banks & Financials
Indian banks and financial issuers.
Indian banks and financial issuers offer USDdenominated exposure to a growing domestic credit market, and the ten bonds on this screen yield between 7.29% and 8.63% to worst. That carry is a useful source of income for dollarbased fixedincome portfolios. The highest yields sit with CPRGLC 7.55% 2029 at 8.63% and IIFOIN 7.6% 2030 at 8.24%, where the extra spread compensates for lower ratings, with IIFOIN rated B+. Investors can weigh that premium against the credit risk in each name. At the higherquality end, Axis Bank's 6.875% bond yields 7.29% and is rated BB, while IHFLIN 9.7% 2027 at 7.66% offers a shorterdated alternative. Together these names show how relative value shifts along the maturity and credit curve.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Capri Global Capital Ltd | …AA75 | 7.55 | 8.633 | 97.0416667 | 2029-12-09 | High Yield 1 | USD | 300MM | |
| 2 | Capri Global Capital Ltd | …AA11 | 7.55 | 8.565 | 97.21875 | 2029-12-09 | High Yield 1 | USD | 300MM | |
| 3 | IIFL Finance Ltd. | …MP79 | 7.6 | 8.237 | 98 | 2030-07-10 | B+ | USD | 300MM | |
| 4 | Sammaan Capital Ltd. | …9232 | 7.5 | 8.178 | 97.75 | 2030-10-16 | BB- | USD | 450MM | |
| 5 | IIFL Finance Ltd. | …MD40 | 7.6 | 7.874 | 99.25 | 2029-09-10 | B+ | USD | 500MM | |
| 6 | Sammaan Capital Ltd. | …9400 | 8.95 | 7.728 | 102 | 2028-08-28 | BB- | USD | 300MM | |
| 7 | Sammaan Capital Ltd. | …2053 | 9.7 | 7.661 | 101.25 | 2027-07-03 | BB- | USD | 306MM | |
| 8 | Fairfax India Holdings Corporation | …AA69 | 5 | 7.544 | 96.9 | 2028-02-26 | 2027-12-26 | No Rating | USD | 500MM |
| 9 | IIFL Finance Ltd. | …ET83 | 8.75 | 7.544 | 101.88 | 2028-07-24 | B+ | USD | 412MM | |
| 10 | Axis Bank Ltd. | …2552 | 6.875 | 7.286 | 98.25 | 2176-06-30 | 2031-12-30 | BB- | USD | 600MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.