India's EXIM Bank plans $300 million dollar bond sale under RBI hedging facility

EXIM Bank India is set to raise $300 million through three-year floating-rate dollar bonds priced at 90 basis points over SOFR, using the RBI's subsidised hedging facility for overseas fundraising. This is EXIM Bank's second dollar debt issuance in 2026 after a $1 billion dual-tranche offering in January. Since the RBI unveiled the facility, Power Finance Corp, HDFC Bank, and Axis Bank have together raised about $2.15 billion, and analysts expect around $5 billion in such issuances by end-September.