Adani bags another big order book for Indian bonds

A debut dollar bond for Adani Transmission receives a strong reception, continuing a run of well received deals from the sub-continent.

Adani bags another big order book for Indian bonds

Adani Transmission received a strong reception for its debut dollar bond on Thursday, continuing a run of well-received deals from the sub-continent.

Strong inflows into emerging market funds, a shortage of Indian paper in the primary and secondary markets, plus the right credit fundamentals were the three magic ingredients that pushed the order book to a peak of $5 billion before the US opened.

Syndicate bankers said there were few dropouts or...

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