Firms likely to raise $5 billion through dollar bond sales in January

In India, Export Import Bank of India raised $1 billion, State Bank of India garnered $600 million, and Shriram Transport about $500 million

Foreign fund-raising activity by Indian entities has begun on a strong note with bank and financial institutions mopping up $2 billion in the first week of the new year. Many Indian corporate houses are in advanced stages of resource mobilisation, which may take the fund-raise tally to $5 billion in by early February, investments bankers said.

Fund-raising volumes across the globe, especially through dollar bonds, was the highest ever in 2020, and the first three sessions of 2021 witnessed about $50 billion in fund-raising.

In India, Export Import Bank of India raised $1 billion, State Bank of India garnered $600 million, and