India’s Dollar Bond Returns Beat Asian Peers After RBI Steps
- Turnaround comes after measures to help company finances
- Debt issuers still face major risks, though, as economy cools
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India is leading returns this month in Asia’s dollar bond market, after the country’s central bank ramped up steps to help borrowers stung by the coronavirus pandemic.
Local firms’ dollar-denominated bonds have returned 5.2% in April, the most among major economies in Asia and exceeding an average of 1.7% for the region’s emerging markets, according to Bloomberg Barclays indexes.