Indian Firms Sell Record Amount of Rupee Bonds After Stimulus

(Bloomberg) -- Indian companies have raised about 4 trillion rupees ($54.2 billion) through local notes since April 1, the best start to a financial year ever. The flurry mirrors unprecedented issuance around the world. It comes after unconventional stimulus steps by the authorities drove spreads on AAA rated three-year corporate bonds to the lowest level in close to 15 years.

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