Diabytes
Bond sales News
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India Inc continued to lap up debt in the January-March quarter, with proceeds touching USD 14.9 billion, a 29.9 percent jump from a year ago.
Domestic companies tapping the offshore US dollar-bond market totalled USD 11.7 billion during the first nine months of the year, up 14.3 percent at USD 10.2 billion in the year-ago period.
Seven companies led by Tata Motors and Tata Steel together raised close to USD 4 billion this year, by selling high yielding bonds or below investment grade debt to overseas investors, taking overall forex debt raising by domestic corporates to below a tad USD 15 billion.
The issue involved USD 1.5 billion of dollar money and 525 million in euros (USD 714 million at current exchange rate), merchant bankers said.
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