HPCL, BPCL, and NEEPCO to raise ₹77.5 billion as bond yields ease

Three state-run Indian companies — HPCL, BPCL, and NEEPCO — are set to collectively raise ₹77.5 billion (~$880 million) through corporate bond issuances. The maturities will range between five and eight years. Bankers cited improved investor appetite and lower borrowing costs after yields dropped on expectations of rate cuts. Analysts believe the move signals growing confidence in India’s corporate debt market and could spur more issuances in energy and infrastructure sectors if monetary policy remains accommodative.