India dismisses sovereign bond plans

Indian officials on Wednesday played down reports the country was considering a sovereign bond sale, after suggestions that a dollar benchmark would help Indian banks and companies raise money in the stricken international markets. The reports of a potential deal come as debt markets bankers are predicting that only sovereign issuers will be able to access the international capital markets in the near future. Read EuroWeek on Friday for the market’s reaction to another tumultuous week.