Jan
05

Rupee Bonds Cheaper Than Loans Make Arrangers Bullish for 2016

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  • Offerings will probably rise to a record this year: survey
  • `Bonds a preferred route for Indian companies:’ Axis Bank

Rupee bond issuance will probably rise to a record this year as notes offer companies savings of as much as 1 percentage point over loans.

Offerings will range between 4 trillion rupees ($60 billion) and 4.5 trillion rupees in 2016, according to nine of 20 bankers surveyed by Bloomberg. Six respondents predicted even higher sales and five forecast lower. ONGC Mangalore Petrochemicals Ltd., a project by India’s biggest energy explorer, is planning a debut sale, while mortgage lender Housing Development Finance Corp. is looking to raise at least 5 billion rupees…

Rupee Bonds Cheaper Than Loans Make Arrangers Bullish for 2016

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