Coal India: a sign of the times

Reuters.com reports that Coal India’s (NSE:COALINDIA) initial IPO could be representative of a couple of things, including global interest in emerging markets, and the leaning towards self-sufficiency in major developing economies.

The editorial is quoted as saying:

Speaking to the latter point, India’s capital markets are super-busy and optimism is sky-high. Indian borrowers have accounted for almost a third of Asian syndicated loan activity year-to-date, and three of the top five Asia-wide loan arrangers are Indian banks. Rupee syndicated loans have raised $56bn, as borrowers turn increasingly to the local market.

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