India Inc to see a record-breaking surge in overseas borrowings
SECTIONS
Share
Synopsis India Inc is likely to see a surge in overseas borrowings, potentially creating a new record, as multiple companies raise funds for the first time in the coming months amid a sustained need for durable project financing.
India Inc is likely to see a surge in overseas borrowings, potentially creating a new record, as multiple companies raise funds for the first time in the coming months amid a sustained need for durable project financing.
“Based on the pipeline, we are likely to cross the $20 billion overseas fundraising record that India witnessed in 2019,” Chetan Joshi, managing director and head of debt finance, HSBC India, told ET.
Offshore bond market continues to form supportive backdrop to dollar issuances: Chetan Joshi, HSBC India
SECTIONS
Share
Synopsis We are expecting an uptick in demand for financing from companies across a variety of sectors and to meet a variety of needs.
ET Bureau
India Inc’s overseas fund raising efforts are going to shift into top gear as more companies look to tap international markets to raise financing in the coming months, according to Chetan Joshi, managing director, head of debt financing, HSBC, India. The career HSBC banker believes that debt fund raising overseas will become a wider phenomenon among Indian companies who will use this route to tap funds regularly. In a chat with Mohit Bhalla, he explains some of the factors that are making fund raising overseas an attractive option for local companies. Edited excerpts:
Investors warm up to Indian credit as Covid risks subside indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
The campaign includes the choice of adding Coke or Fries @ Rs 45 with select McDonald’s menu items. The offer will be available for a limited time at McDonald’s restaurants in North and East India