Cross-border bond issuance by Indian companies could boom in 2015 and beyond if the New Delhi government introduces economic reforms and market conditions steady.
Two key trends would support this, Standard Poor’s said in a report on Tuesday an increase in corporate foreign currency funding requirements due to higher capital spending and a shift in eligible foreign currency funding to international bond markets.
“With the economic reforms that are being brought in by the new government, there is potential for issuances to increase over the next few years,” Mehul Sukkawala, a corporate ratings analyst for Asia-Pacific at SP, told FinanceAsia.
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