Indian lenders woo FIs with overseas push

By Shruti Chaturvedi
18 Jan 2018

Axis Bank’s presence in the top group of a recent loan for Oman’s Bank Sohar has once again put the focus on Indian lenders’ efforts to expand their overseas balance sheets. Banks from the south Asian country see FIG deals as a safe gateway to business in unfamiliar geographies — and are keen to step up their game. Shruti Chaturvedi reports.

Bank Sohar is seeking a $300m loan, with invitations sent to a large set of lenders this week. The borrower, which wrapped up its last international borrowing in May 2017, is looking to widen its investor base with the new transaction. That objective is reflected in the diversity ...

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