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NBFCs step up funding support for Vodafone Idea through bond issue
NBFCs invested about ₹1,300 crore in Vodafone Idea’s bond issue, signalling rising risk appetite for high-yield debt despite banks remaining cautious.
Non banking financial companies have emerged as key backers in the latest bond fundraising by , with investments totalling around ₹1,300 crore. alone committed about ₹500 crore, alongside participation from JM Financial Credit Solutions, Aditya Birla Capital, and Hero Fincorp. The ₹3,300 crore issue, structured in two secured tranches with coupons of 12 percent and 7 percent, reflects growing appetite for higher yields among NBFCs and funds.