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bonds: Jan-Feb overseas bond sales by cos highest since '95


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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. ....

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Offshore bond sales: Indian companies may raise $30 billion via offshore bond sales in 2021


Indian companies may raise $30 billion via offshore bond sales in 2021
“By the looks of it, given the liquidity levels and the low yield environment, this year s bond sales could well be significantly higher than 2020, said Chetan Joshi, HSBC India’s head of debt financing.
Synopsis
The funds raised in the first seven days of this month were 15% of the proceeds from offshore issues in the whole of last year, and the highest on record for the opening week of a calendar year.
Mumbai: Indian companies may end up raising as much as $30 billion in overseas bond sales in 2021, after a dream start to the year where in the very first week they raised $2.1 billion. ....

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