Govt likely to go for $10-billion overseas bond sale in October: Report

India is banking on the novelty of a debut offering at a time when investors are desperate for returns as the world's pile of negative-yielding debt grows to a record $13.4 trillion

The Centre is considering an option to raise $10 billion in one go from its first overseas bond sale as early as October, according to people with knowledge of the matter.

The government would prefer to sell yen or euro-denominated debt so as to offer lower yields, the people said, asking not to be identified as the plan is still under discussion. A dollar bond isn’t ruled out given there would be more liquidity, while it could also decide to sell the debt in multiple sales over a longer period, they said.

India is banking on the novelty