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Published on 9/07/2019 11:41:28 AM | Source: Reuters

Right time for India to raise funds through sovereign bonds: chief economic adviser

Posted in Industry News| #Industry #Bonds #Krishnamurthy Subramanian

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NEW DELHI  - This is a right opportunity for India to raise funds through overseas sovereign bonds at a much cheaper rate compared with those in the domestic market, chief economic adviser said on Tuesday.

The government will study "risks and returns" to raise funds through sovereign bonds, possibly in the second half of the current financial year, said Chief Economic Adviser Krishnamurthy Subramanian at an event in Delhi.

Finance ministry officials said the government could raise about 10-15% of proposed 7.1 trillion rupees ($103.18 billion) government borrowings this fiscal year through sovereign bonds.

 

(Reporting by Manoj Kumar, Editing by Sherry Jacob-Phillips)