INDIAN CORPORATE MAJORS GEAR UP TO TAP EURO BOND MARKET
Article Abstract:
Indian corporates and financial institutions like the Reliance group, the Industrial Development Bank of India (IDBI) and the State Bank of India (SBI) are to launch bond offerings denominated in euros. This currency is expected to unite 11 willing countries in the 15-member European Union (EU) on January 1, 1999. The euro will offer the Indian companies a good funding option as it is set to become a strong reserve currency competing directly with the dollar. It will also allow the fund managers in France, Germany, Spain, Portugal, Holland and Belgium to look for investment opportunities outside Europe. (gsh)
Comment:
Will launch bond offerings denominated in euros together with Reliance and Industrial Development Bank of India
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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INDIA TOPS MORGAN EMERGING MARKET LIST
Article Abstract:
The asset management company, Morgan Stanley Dean Witter has placed India at the number one position in global emerging markets model portfolio. Previously India was placed in the third position. India has been given 13.1 percent weightage. The company is likely to advise its clients in 28 countries to invest the maximum amount in India. The company is keen on investments in India as the domestic demand in India is strong compared to southeast Asian countries. (rk)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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