Rolta sells first Indian high-yield bond for 2013

Indian mid-cap company Rolta closes its debut bond after offering a generous yield.

Rolta sells first Indian high-yield bond for 2013
Rolta provides geographical information systems and other analytical tools

Indian IT solutions company Rolta late last week closed a $200 million high-yield bond, which is India’s first high-yield issuance this year and the first from a mid-cap Indian company in a while.

The lack of high-yield issuance from India stands in stark contrast to China. This year, Chinese property companies have dominated high-yield, propelling volumes to record highs. The same can hardly be said of India, where only a handful of companies, such as...

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