Shadow Bank Indiabulls Is Now Buying Back Its Slumping Bonds
People stand on a balcony at the Indiabulls Finance Centre, developed by Indiabulls Real Estate Ltd., in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Shadow Bank Indiabulls Is Now Buying Back Its Slumping Bonds

(Bloomberg) -- An Indian shadow bank is offering to buy back its cheapened bonds after an ongoing fraud probe and a prolonged credit squeeze helped push yields as high as 43% last year.
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