Thank Moody's for India's Best Monthly Dollar Bond Sales: Chart
(Bloomberg) -- Indian companies sold $1.83 billion of dollar bonds in November, the busiest month for 2017. Issuers probably brought forward next year’s sale plans to 2017 to cash in on the bullish sentiment sparked by the sovereign upgrade, says Bharat Shettigar, head of Asia ex-China credit research at Standard Chartered Bank. Moody’s Investors Service raised India’s rating for the first time in 14 years in mid-November, pushing yield premiums on the nation’s dollar debt to the lowest in at least a decade.
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