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India may issue $5 billion bonds next year with no FPI cap

India may issue $5 billion bonds next year with no FPI cap

Wednesday, February 5, 2020, 8:21 AM

India is likely to issue at least $5 billion worth of bonds with no limits on foreign investment next year, in a bid to list the bonds on global indices and attract more foreign funds, according to two finance ministry sources. India's government is likely to issue the bonds in several tranches of at least $400 million each, one source said.
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