Falling treasury yields in the international market and widening of the investor base have resulted in Indian companies mopping $4 billion (Rs 21,850 crore) by issuing bonds in the foreign market in 2013. Corporations such as Bharti Airtel, Tata Communications and Reliance Industries and lenders like ICICI Bank and HDFC Bank have raised funds from abroad so far this year.The momentum is expected to continue, as market participants expect Indian companies to raise another $10 billion by the end of 2013. However, issue arrangers feel companies should rush their issuances, as they see US treasury yields rising over the next six months.In 2012, Indian companies raised about $10 billion by way of international bonds, estimate issue arrangers. “In 2013, the issuances by Indian issuers could be 50 per cent higher than 2012,” said Jujhar Singh, managing director and head of debt capital markets, South Asia, Standard Chartered Bank.

Source - http://www.business-standard.com