Edelweiss and Sun Global tie up to offer fixed income products abroad

The Domestic financial services company, Edelweiss Group has tied up with UK-based Sun Global Investments to offer full service solutions in rupee fixed income markets (primary and secondary) as well as US dollar denominated Indian debt across UK, Europe and Asia.

These bonds will help Indian issuers manage currency risks and will also offer international investors convenient access to Indian debt markets. United Kingdom is an emerging global financial hub for rupee bonds and the partnership with Sun Global Investments will enable Edelweiss to immediately extend their reach as well as increase relationships across UK, Europe and Asia.

The partnership is a significant value addition to Edelweis' leading Indian debt franchise and will help the company to offer a comprehensive end to end debt solution to clients. For Sun Global Investments the Indian debt is relatively attractive compared to bonds in other emerging markets debt, on account of the country’s strong macroeconomic position leading to more and more investors seeking high quality India investments.

The partnership will enable the Edelweiss Group to leverage the company's combined fixed income capabilities and enable quality Indian issuers access a diverse portfolio and a wide investor base. With an asset base of around USD 5 billion, the Edelweiss Group offers services across credit, housing finance, financial markets, wealth and asset management, commodities and life insurance.

Today, Edelweiss is trading at Rs 59.5, around 2 per cent up on BSE.