Primary bond offerings from Indian issuers totaled $35.6 billion in the first nine months of 2016, down 18% in proceeds compared to the same period last year, and witnessed the lowest first 9 months period since 2009, when proceeds reached $24.5 billion, according to a report by Thomson Reuters.
Indian companies that issued in US dollar-denominated bonds generated $6 billion, a 20.3% decline in proceeds from over a year ago. In July, the Export Import Bank of India raised $999.3 million from its 10-year US-dollar denominated bond offering, said the report The deal is the biggest bond offering from an Indian issuer for the first 9 months of 2016.
