Indian firms’ appetite for dollar bonds stay upbeat

In view of falling borrowing costs ahead of the polling season, most domestic firms continue to raise funds through dollar bond market, according to a Bloomberg report

$1.45 bn – Three state-owned firms to raise via dollar bond issuance

$4.84 bn – Funds raised through dollar bond market so far this year

$15 bn – Indian borrowers expected to raise from bond sales

$5 bn – RBI to hold foreign-exchange swap

216 bps – Average spreads on foreign-currency bonds of Indian issuers have eased to

Companies are borrowing overseas ahead of India elections as they may not want any potential risk which will be negative for the markets,” 
Raymond Chia, head of credit research for Asia excluding Japan at Schroder Investment Management Ltd.