Corporate News July 2019 - Acquisory Bulletin

Chandni Ansari15 Apr, 2025Business

Foreign Currency denominated bonds: For the first time, the GOI announced that India will issue foreign currency denominated bonds in the global market to reduce financing costs. Often, governments will choose to denominate bonds in more stable, marketable currencies. It’s typically easier to sell debt this way, as investors no longer fear that currency devaluation will erode their earnings. While it may for some time lower the costs of borrowing for the government and our industry, our view is that it is double edged. Global experience (Argentina