businessUpdated: Aug 15, 2020 06:37 ISTIndian companies are lining up the most dollar loans since the pandemic worsened, as stimulus steps boost investor sentiment and help ease a credit crunch. Borrowers have sought at least $5 billion of dollar facilities since July 1. The financing may help companies, which have $12.6 billion of offshore bond and loans maturities next quarter, the most they’ve ever faced until now. While massive challenges remain with the pandemic, creditors are taking solace in government measures including a $277 billion economic stimulus. Chemicals & Pharmaceuticals Ltd.It’s the first India-linked dollar loan in about two months to be marketed to a broader pool of international lenders.

Source: Hindustan Times August 15, 2020 01:08 UTC