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According to ING Bank, the US dollar remained relatively strong despite unspectacular economic data because the foreign exchange markets found no better alternative to the greenback.
Source: https://business.inquirer.net/415475/weak-gdp-numbers-point-to-more-peso-downside
In addition, Barclays Bank PLC, BNP Paribas, Deutsche Bank AG, ING Bank, Sumitomo Mitsui Banking Corporation and Standard Chartered Bank acted as Mandated Lead Arrangers and Bookrunners for the transaction.
Source: https://www.siasat.com/adani-cement-refinances-3-5-bn-from-10-international-banks-2737081/
"There is likely reluctance amongst participants to push too much higher right now with the market clearly in overbought territory," said ING Bank analysts in a client note.