Krishna Merchant is Asia credit correspondent at IFR. She covers credit, mainly corporate bonds in India, Indonesia and the Philippines, and also the offshore rupee market, or Masala, bonds for India. She has been with IFR since May 2016.
The Reserve Bank of India has eased its rules on overseas borrowing in a move that will make it easier for Indian companies to tap the offshore debt market.
Singapore-based Agritrade Resources is planning to tap the US dollar bond market to acquire stressed power assets in India, marking the first offshore financing in a wave of restructurings in the sector.
State Bank of India is looking to raise billions of dollars of equity and debt to keep pace with rebounding credit growth and a recovery in the Indian banking sector, its chief financial officer said.