State firms raise $880M through bonds as yields soften
Three major Indian state-owned enterprises raised nearly $880 million in bond issuances this week as falling yields made borrowing cheaper. NTPC, NHAI, and IRFC led the offerings, securing rates between 7.1% – 7.3%. Analysts said easing inflation expectations and robust domestic demand spurred the surge. The deals mark the heaviest weekly state-sector borrowing since February 2024, reflecting strong investor appetite for high-grade corporate debt.
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1 day ago
State firms raise $880M through bonds as yields soften
Three major Indian state-owned enterprises raised nearly $880 million in bond issuances this week as falling yields made borrowing cheaper. NTPC, NHAI, and IRFC led the offerings, securing rates between 7.1% – 7.3%. Analysts said easing inflation expectations and robust domestic demand spurred the surge. The deals mark the heaviest weekly state-sector borrowing since February 2024, reflecting strong investor appetite for high-grade corporate debt.
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State firms raise $880M through bonds as yields soften
2 days ago
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NTPC, NHAI, and IRFC raise $880 million in bonds amid easing yields and robust investor demand.
Three major Indian state-owned enterprises raised nearly $880 million in bond issuances this week as falling yields made borrowing cheaper. NTPC, NHAI, and IRFC led the offerings, securing rates between 7.1% – 7.3%. Analysts said easing inflation expectations and robust domestic demand spurred the surge. The deals mark the heaviest weekly state-sector borrowing since February 2024, reflecting strong investor appetite for high-grade corporate debt.
Three major Indian state-owned enterprises raised nearly $880 million in bond issuances this week as falling yields made borrowing cheaper. NTPC, NHAI, and IRFC led the offerings, securing rates between 7.1% – 7.3%. Analysts said easing inflation expectations and robust domestic demand spurred the surge. The deals mark the heaviest weekly state-sector borrowing since February 2024, reflecting strong investor appetite for high-grade corporate debt.