BRIC Nations Raise $131 Bn From Debt Mkt

NEW DELHI: Brazil, Russia, India and China (BRIC) have raised $131.1 billion from debt markets in the year so far, while India’s share stands at just over one-sixth of the kitty.

BRIC nations raised the funds through debt markets in a total of 606 deals in 2007, against $120 billion mopped via 736 deals in the year-ago period, according to a data compiled by global consulting firm Dealogic.

India Inc has raised around $20 billion so far this year through debt capital markets, against nearly $13 billion garnered in the corresponding period last year.

Debt capital refers to funds raised by corporates through instruments such as bonds, including money secured from derivative instruments, such as futures, options and swaps.

Interestingly, China’s debt capital market (DCM) volumes more than doubled this year to $41.9 billion versus $21.6 billion in same period last year.