Going public will force Indian tech companies into an era of frugality.
Companies are running out of time, and with the Federal Reserve apparently ready to hike interest rates there are options for cheap refinancing as USD 1.4 trillion of debt is about to come due
For the bond market, which suffered a number of doomsday predictions for 2013 that never materialized, that means yields could also remain low. Even if they do rise, it might not be by much, since benchmark 10-year yields have already had a 100-plus basis point increase from lows hit in May.
Investors pulled out a record of USD 23.3 billion out of the funds in the prior week and invested USD 2.11 billion to bond funds in the latest weeks, a data from EPFR Global showed on Friday.
The Shanghai Stock Exchange has begun issuing approvals for companies to begin issuing "junk bonds", as Beijing seeks to help cash-starved private Chinese firms find credit.