Yeah, apparently inda releases new bonds to pay off the old ones
that's a common practice, nothing wrong with it. we also had a bond issuance some years ago for similar purposes.
the funny thing is that their bond rating - at least according to that tweet - matches countries like oman or nicaragua
![Baus :baus: :baus:](https://s8.postimg.cc/ex9xt7v1x/market_19800_1469008658.gif)
some of the best performing countries, especially turkey.
![Big Grin :D :D](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
hilarious, just like the silence of the mentioned papers.
also, note the text on the screenshot on ffp violations.