Indian junk bonds make a comeback, issuance soars
(WorldNews Business)

Sales of Indian junk bonds have made a big comeback in 2019, almost tripling to hit a five-year high, boosted by a risk-on rally prompted by a dovish US Federal Reserve that has given the Asian market a record start to the year. Indian companies have sold $3.7 billion in high-yield, or junk-rated, bonds so far this year, an increase of 187 percent from 2018, Refinitiv data show. The last time Indian companies sold more junk bonds was in 2014, when total volumes for the year were $4.1 billion, the data showed. `We`ve...