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HSBC Buys At Least $3 Billion India Bonds After FX Deposit Boost
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Bonds HSBC Buys At Least $3 Billion India Bonds After FX Deposit Boost HSBC Holdings Plc has purchased at least $3 billion of Indian government bonds since July, deploying a large pool of funds garnered under a special diaspora dollar deposit program, according to people familiar with the developments. The lender has bought bonds around the 5-year maturity bracket over the past couple of months as it seeks avenues to park the funds it has attracted under the Reserve Bank of India’s so-called...
Bonds
HSBC Buys At Least $3 Billion India Bonds After FX Deposit Boost
HSBC Holdings Plc has purchased at least $3 billion of Indian government bonds since July, deploying a large pool of funds garnered under a special diaspora dollar deposit program, according to people familiar with the developments.
The lender has bought bonds around the 5-year maturity bracket over the past couple of months as it seeks avenues to park the funds it has attracted under the Reserve Bank of India’s so-called foreign currency non-resident, or FCNR(B) program, the people said, asking not to be named discussing private matters.