Asian credit correspondent
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The flight to quality in India’s bond market is set to continue after delayed redemptions highlighted the risks facing mutual funds, among the biggest buyers of lower-rated corporate bonds.
Early results indicating a victory for Indonesian president Joko Widodo in last Wednesday’s elections bode well for the country’s debt capital markets as investors look forward to five more years of macro stability and infrastructure spending that will help fuel a growing economy.
Three state-owned Rajasthani power distribution companies aim to raise up to Rs116.81bn (US$1.68bn) combined from bonds, according to market sources.