According to the Primedatabase data, there were 36 issues by Indian companies in the overseas bond market until September, resulting in ₹29,029 crore raised.
In FY24, Indian companies had 18 issues of ₹45,000 crore. In FY23, there were three, raising ₹15,592 crore.
“With the Federal Reserve (Fed) cutting rates, we can expect an increase in overseas bond issues. Companies are looking to diversify their borrowing sources to prevent upward pressure on spreads in the domestic market. Additionally, hedging costs offered by merchant bankers have become more affordable,” said Venkatakrishnan Srinivasan, founder and managing partner, Rockfort Fincap.
Diese Geschichte stammt aus der October 18, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der October 18, 2024-Ausgabe von Business Standard.
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