ADVERTISEMENT
Good Days For India Inc In Foreign Loan Market May Soon End: Report
Global banks cost of funding is going up amid US Fed rate hikes Rising dollar could also force developing nations to raise interest rate Foreign lenders are growing more selective with Indian loans
28 May 2018, 10:59 AM IST 
A surging dollar is fueling bets that developing nations may also raise rates faster than anticipated
The good days for India Inc. in the offshore syndicated loans market may soon be over, as foreign banks pinched by their own rising borrowing costs balk at the lowest lending rates in a decade.
"India may be approaching a turning point for loan pricing to come up a bit to facilitate syndication," said Samuel Tan, co-head of loan syndication and distribution for United Overseas Bank in Singapore.
As the Federal Reserve gears up for ...
