{"id":32862,"date":"2012-12-06T08:57:13","date_gmt":"2012-12-06T13:57:13","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=32862"},"modified":"2012-12-06T08:57:13","modified_gmt":"2012-12-06T13:57:13","slug":"hedge-funds-bullish-as-banks-premium-double-peers-india-credit","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2012\/hedge-funds-bullish-as-banks-premium-double-peers-india-credit.html","title":{"rendered":"Hedge Funds Bullish as Banks\u2019 Premium Double Peers: India Credit"},"content":{"rendered":"<p>Bloomberg &#8211; Indian bank debt offering almost double the yield premium of global lenders is attracting hedge funds impressed by Prime Minister Manmohan Singh\u2019s reaction to the threat of a junk credit rating.<\/p>\n<p>Finisterre Capital LLP is betting on a decline in bond risk for\u00a0State Bank of India (SBIN)\u00a0Ltd. and Bank of India Ltd., while Observatory Capital Management LLP bought dollar-denominated notes of\u00a0ICICI Bank Ltd. (ICICIBC)\u00a0The nation\u2019s corporate debt yields\u00a0353 basis points\u00a0more than Treasuries, according to a JPMorgan Chase &amp; Co. index of 55 issuers, including 39 lenders. The spread on global banks is 181, a Bank of America Corp. index shows.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2012-12-05\/hedge-funds-bullish-as-banks-premium-double-peers-india-credit.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Indian bank debt offering almost double the yield premium of global lenders is attracting hedge funds impressed by Prime Minister Manmohan Singh\u2019s reaction to the threat of a junk credit rating. Finisterre Capital LLP is betting on a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-32862","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/32862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=32862"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/32862\/revisions"}],"predecessor-version":[{"id":32863,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/32862\/revisions\/32863"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=32862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=32862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=32862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}