Bollywood film-backed bonds: Eros now bets on new funding scheme

A surge in Asian dollar note sales is testing investor appetite after the market's best rally in years

A Bollywood filmmaker that was spurned by credit investors several years ago is changing the terms on a planned dollar bond offering after money managers balked again, as signs of caution in global debt markets mount.

Eros International is tweaking its plan after holding road shows last month, at a time when investors have been inundated with dollar bond supply and US-China trade tensions are bringing more volatility to markets.

In a novel twist, the maker of films with stars such as Priyanka Chopra and Salman Khan now plans to offer notes that will be secured against its library of more than