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…
India’s Junk Bonds Attract Western Investors
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports