Photographer: Dhiraj Singh/Bloomberg

Indian Companies Curb Global Loan Costs by Refinancing $5.1 Billion

  • Firms replaced the most offshore loans in a year last quarter
  • Novelis said in talks with banks for $5.3 billion refinancing

Indian companies refinanced offshore loans at the fastest pace in a year last quarter, rushing to take advantage of improved confidence in Asia’s fastest-growing major economy as borrowing costs start to rise.

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