Issuance armoury grows for India’s bullish borrowers

India’s debt capital markets are evolving rapidly. The country’s issuers have been among the first in the emerging markets to adopt green bonds and this year Masala bonds — Indian rupee denominated bonds issued in offshore capital markets — look set for lift off. The country’s onshore bond market could also be set for a fresh flood of foreign interest as state debt becomes Euroclearable. GlobalCapital brought together some of the leading players in the Indian capital markets to give their views on the state of the market, where they see opportunities and the factors that prevent a larger swathe of Indian borrowers from accessing the international bond markets.