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For Indian junk bonds, it's love in the time of Evergrande

There are no takers in India for corporate notes with even a whiff of credit risk. But such is the fear among global investors around China’s overleveraged property developers that money can’t stop pouring into Indian high-yield dollar bonds.   Domestic debt issuances by all except the top-rated borrowers have shrunk since the collapse of the IL&FS Group, a major
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