India credits rush to market ahead of elections, year-end

Indian bonds issuers are racing to the offshore market for cash to beat the country’s financial year-end and the uncertainty of a general election straight afterwards. Morgan Davis and Addison Gong report.

  • By Addison Gong, Morgan Davis
  • 28 Mar 2019

Bank of Baroda, Indian Railway Finance Corp, NTPC and Kerala Infrastructure Investment Fund Board all came to the international bond market during the week, tapping not only dollars but also offshore rupees.

And there is more to come. IndusInd Bank mandated Bank of America, Barclays, Citi, CLSA, HSBC, ...

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