Cracks show amid bumper year for Indian bonds

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Cracks show amid bumper year for Indian bonds

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Indian cricket supporters were left disappointed after bad weather stopped the 1999 World Cup cricket match between England and India just as India were gaining the advantage. The match was halted by torrential rain. | John Giles/PA Archive/PA Images

Indian issuers thronged the offshore bond market this year, with volumes from the country easily beating 2018 numbers. But cracks in the market have started to show. While deal flow will be strong in 2020, concerns around the health of the financial sector and the changing status of state-owned enterprises are keeping investors on edge. Morgan Davis reports.

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