Indian companies have raised $14.3-billion debt offshore so far this calendar year, nearing last year’s overall figure of $14.4 billion.
In July alone, three Indian companies raised $2.4 billion through high-yield bonds. On a single day (July 24), three lower rated companies Tata Steel, GreenKo and Global Cloud Xchange hit the bond market. Tata Steel raised $1.5 billion in a dual tranche deal, and the bonds were priced at 4.85% for a maturity period of 5.5 years and the 10-year issue was sold at a coupon rate of 5.95%. Hyderabad-based renewable energy producer GreenKo raised $550 million late July at 8% for five-year money. Global Cloud Xchange raised $350 million by issuing 5-year tenure bonds at a coupon of 7 %.

Source - http://www.financialexpress.com