Investors bet on Indian rally

摘要

Indian bond offerings from idbi bank and tata motors thrived last week, despite choppy credit markets, pointing to investors' continued demand for top-quality Indian assets. State-owned IDBI went out to investors early last week with a US$350m bond. The Reg S 5.5-year notes attracted an order book that was four times oversubscribed and priced at 275bp over five-year Treasuries - an impressive 25bp inside the initial talk of 300bp over.