Four Indian private lenders have fast-tracked plans to raise dollar bonds before the end of August, seeking to take advantage of a central bank swap facility before its early closure, after larger peers ICICI Bank and Axis Bank raised more than $1 billion.
Kotak Mahindra Bank, YES Bank, IDFC First Bank and Federal Bank are together aiming to raise $1.85 billion through bond sales with maturities of up to five years, the bankers added.
