Opinion: Indian high yield market faces growing pains

Ultra-low interest rates and hungry investors chasing juicy yields have brewed up a very attractive set of conditions for riskier Asian borrowers in the international bond markets. This was the moment, some debt bankers believed, to introduce high yield borrowers from India. But a couple of postponed deals show that when it comes to a new market like this, investors are going to be very choosy about what they buy — and that is a good thing for the market’s long term prospects.