India Exim flags US bond investors

Rare opportunity to access pure sovereign credit brings US investors to the forefront.

India Exim made its second foray of the year in the international bond markets on Thursday with an aggressively priced $1 billion bond deal. 

The 100% sovereign-owned bank has a reputation for pushing down on pricing and in this instance felt confident it would get away with it, knowing the market is awash with liquidity and US investors have been starved of Indian sovereign paper for a long time.

As a result, syndicate bankers said it was American investors who took the lead on the 10-year transaction, a rare occurrence in Asian debt capital markets these days.

Asian investors were quite focused on...

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