Jan 27 2021, 1:25 AM
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January 27 2021, 1:25 AM
(Bloomberg) Debt sales in Indiaâs rupee corporate bond market are likely to slow significantly this year after reaching a record in 2020, according to a Bloomberg News survey of debt arrangers.
(Bloomberg) Debt sales in Indiaâs rupee corporate bond market are likely to slow significantly this year after reaching a record in 2020, according to a Bloomberg News survey of debt arrangers.
Issuance will fall by 17% to about 7.55 trillion rupees ($103.5 billion) this year, according to the median estimate of six of the nationâs top debt arrangers. Companies have less need to build up cash buffers and the potential for higher funding costs were cited by bankers as reasons for the expected drop.