Companies in India are selling more debt in U.S. dollars, with foreign currency sales on track for the highest amount in four years. Sales have more than tripled to $6.2 billion so far this year, helped by debut offerings by HPCL-Mittal Energy Ltd. and Neerg Energy Ltd.
Overseas funds are flowing into the India's corporate bonds, buoyed by optimism around the government's fiscal reforms, said AS Thiyaga Rajan, a senior managing director at Aquarius Investment Advisors, who forecasts up to $12 billion of issuance by year-end.
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