India Inc raises $14.7 billion debt so far in 2014

Mumbai: With Bharti Airtel, ONGC Videsh, Tata Steel and SBI hitting the overseas bond markets with $1-billion-plus issues, debt raised by 15 domestic companies so far this year is sniffing at the record $16.5 billion India Inc had raised in the entire 2013.

Overseas bond sales have touched $14.7 billion till date this year, according to the data collated by Deutsche Bank India. Last year domestic companies had mopped up $16.5 billion, up 65 per cent from 2012.

Other bankers are also bullish about a hefty fee income this year as they see in 2014 to be on course to set new record, thanks to high domestic  rates and the low interest regime outside.