The bond issuance since January is almost half the $3.3 billion issued in all of 2023, said the sources, who actively trade these supranational bonds and who based their tally on data from several financial institutions.
Most of last year's issuance was in the fourth quarter, the sources said, when foreign investors piled into rupee debt after JP Morgan said India will be part of the Emerging Market Bond Index (EMBI) from June 2024.
This story is from the February 22, 2024 edition of Mint Mumbai.
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This story is from the February 22, 2024 edition of Mint Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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