 "Muthoot Finance")
India’s largest cash-for-gold lender by market value plans to repay a $450 million bond later this month, but it isn’t in any rush to tap the offshore market again after yields surged this year.
Muthoot Finance Ltd. is extending a trend in emerging Asia that’s dragged down bond issuance in the US currency to its lowest since 2015. Debt offerings from Asia ex-Japan in the greenback have almost halved to about $158 billion so far in 2022 compared with the year-earlier-period, while an Indian company hasn’t issued in the market since April.
The Indian currency fell to a record low
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