The next step in diversifying India’s offshore bond market – opinion
A string of India’s state-owned companies have tapped the offshore bond market on the back of a tax cut and macroeconomic reforms, but more change is needed to bring private companies into the mix.
For most Indian companies the international bond market is a coveted but challenging means of funding.
A local company that would normally have to pay about a 12% interest on a US dollar loan from a local bank could cut its annual interest payments to as low as
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