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MUMBAI: The Adani Group, Vedanta and Bharti Airtel are at the vanguard of overseas bond sales lately by Indian companies, which together mobilised record funds offshore in the first two months of this year to underscore the pressing need for expansion capital that would undergird the V-shaped recovery underway.
At nearly $9 billion, the funds garnered dwarfed overseas fundraising efforts in the same period since 1995, show data from Dealogic, an analytics firm based out of Hong Kong. The quantum of bond sales, coinciding with a global effort to clamber out of the Covid sinkhole, underscores the undiminished allure of overseas markets for fundraising despite record low interest rates at home.