India Firms Have Best Start to a Year Ever For Dollar Bond Sales
- Three issuers raised $2.1 billion of dollar notes this month
- Country’s borrowers are riding strong wave of global issuance
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Three Indian borrowers have already sold dollar bonds so far this year, riding a strong wave of global deals and making it the strongest start to a year ever for the country’s issuers.
The firms have priced $2.1 billion of dollar bonds. They are joining borrowers globally that have been rushing to credit markets, after yields crashed following cash-boosting measures by authorities to keep economies afloat amid the pandemic.