India’s Junk Bonds Attract Western Investors

Indian IT solutions company Rolta India Limited (NSE:ROLTA)’s wholly owned subsidiary, Rolta LLC, raised $200 million. India Junk Bonds First Yield This deal signifies India’s first ‘junk’ bond this year, with U.S. investors lapping up a large part of the offering by the midsize technology company. Rolta India Limited (NSE:ROLTA) announced that the successful pricing of 10.75 percent Senior Notes in the international markets, was oversubscribed by 2 times. The demand came from a high quality investor base with over 70 accounts globally. While asset managers contributed 72 percent of subscriptions, banks and retail accounts contributed 10 percent and 18 percent…