(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.
To contact the reporter on this story: Divya Patil in Mumbai at dpatil7@bloomberg.net.
To contact the editors responsible for this story: Neha D'silva at ndsilva1@bloomberg.net, Chan Tien Hin, Reinie Booysen
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