Asian market's dry spell leaves India's credit with worst streak in 13 yrs

No deals in excess of $100 million concluded in the week ending Aug 19, after just $453 million the week before

Asian market
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Photo: Bloomberg

Malavika Kaur Makol and Divya Patil | Bloomberg
The lull in the Asian primary credit market extended for another week, with issuance dropping to its lowest since May. 

No deals in excess of $100 million concluded in the week ending Aug. 19, after just $453 million the week before, according to data compiled by Bloomberg. 

Debt sales have suffered globally this year in the face of red-hot inflation and aggressive policy tightening by central banks, despite a spate of US companies storming the market this week. In Asia, depreciating currencies have raised the cost of servicing offshore debt, prompting companies such as JSW Steel Ltd. to consider the

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First Published: Aug 19 2022 | 12:53 PM IST

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