Companies to rush bond sales before the elections to avoid uncertainty

India’s national elections are still about four months away, but they are already fueling bets that companies looking to raise dollars this year will rush to do so before the voting starts.

Some investors say a sell-off in Indian dollar bonds last year has created bargain hunting opportunities, and issuers will likely want to make the most of that sentiment before the polls open, as any surprises could push up financing costs later.

“Borrowers would like to fund themselves before the elections, just to avoid any uncertainty,” according to Augusto King, head of capital markets group for Asia at MUFG Securities. “We