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Corporate bond sales set to plunge in Q1

Corporate bond sales set to plunge in Q1

Monday, April 3, 2017, 2:43 PM

After posting their best quarter in five years, rupee bond sales by Indian companies are set to retreat in the three months to June. Issuance from businesses in Asia’s third-largest economy is seen declining to as low as 1.13 trillion rupees ($17.4 billion) this quarter, according to IDFC Bank Ltd., down from 2.01 trillion rupees sold in the three months to March.
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