Bonds are back in business, and telling us something

To be sure, bond sales were relatively high in the first two quarters of the financial year, but they were primarily driven by special measures aimed at providing liquidity to cash-starved companies, particularly non-bank lenders.

Synopsis
Large cos have together raised Rs 30,537 cr through debt issues in past three weeks, JM Fin data show

Mumbai: The pace of economic recovery is picking up momentum, and it is evident in the unusually large amounts of bond sales this month by the likes of Housing Development Finance Corp (HDFC), India’s biggest mortgage lender, and leading utilities company Tata Power.Railroad financier IRFC and National Highway Authority of India (NHAI) are among the mega infrastructure lenders that have joined index heavyweights in raising funds recently through

Saikat Das

ET Bureau

4 mins read, Last Updated:

Nov 27, 2020, 07:30 AM IST

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