In fact, the companies have already raised $8.9 billion even before this year-end as against $9 billion raised last year, says Dealogic.
This year saw companies having struck 22 deals so far as compared to 17 in 2010, according to statistics provided by the platform that global and regional investment banks worldwide use to help optimise their performance and improve competitiveness.
Leading arrangers in the country believe active tapping of foreign funds during the first half of the year enabled the amounts raised to be at par with that of 2010.
RBS India notes more overseas bond issuances in the first half this calendar year, with a number of debut issuances.
"Had the euro zone crisis not aggravated, the total amount raised this year could have been much higher," says Manmohan Singh, managing director of the financial services group.
The amount India Inc raised in the first half of 2011 stood at $7.6 billion as against $2.2 billion in the year-ago period. Experts feel market stability and a strong currency encouraged firms to go ahead and raise money abroad.
Edelweiss Capital says a strong rupee (around 44 per dollar) and stable economy during the first half of the year helped companies actively raise funds.
"The second half, though, has become sluggish," says Ajay Manglunia, head (fixed income) of the firm.
"This stems from a worsening of the global economic situation that has left companies look at consolidating their positions, he adds. Also, "the depreciating rupee has made overseas funds more expensive, as the hedging costs have gone up".
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