Why Aren’t Others Catching Malaysia in Sukuk?
1 August, 2016
Temasek Hit By China Volatility
1 August, 2016Euromoney, August 2016
It was a long time coming, but India’s masala bond market – that is offshore rupees – is finally underway. An upsized Rs30 billion ($446 million) three-year bond from HDFC last month marks the first such deal from an Indian bank or corporate, almost a year after the financial conglomerate started looking at the deal.
It is a landmark but it may not tell us too much about the future of this market. This is because the deal appears to have been an opportunistic play on rates and foreign exchange rather than one based on the fundamentals either of credit or the market itself.
Full article: http://www.euromoney.com/Article/3576368/Masala-debut-at-last
Chris Wright
Chris is a journalist specialising in business and financial journalism across Asia, Australia and the Middle East. He is Asia editor for Euromoney magazine and has written for publications including the Financial Times, Institutional Investor, Forbes, Asiamoney, the Australian Financial Review, Discovery Channel Magazine, Qantas: The Australian Way and BRW. He is the author of No More Worlds to Conquer, published by HarperCollins.