Demand for bonds may significantly outstrip supply in just five years, but the bond market could be preventing issuers from the market, according to Reserve Bank of India (RBI) Deputy Governor B P Kanungo.
“It is a paradoxical situation,” Kanungo said in his keynote address at the annual conference of bond dealers on August 31 in Moscow.
Non-banking financial companies, that used to comprise at least 70 per cent of the issuance in the corporate bond market, are witnessing a credit freeze as investors shun bond issued by lower-rated firms. The investors are stunned by the defaults by
“It is a paradoxical situation,” Kanungo said in his keynote address at the annual conference of bond dealers on August 31 in Moscow.
Non-banking financial companies, that used to comprise at least 70 per cent of the issuance in the corporate bond market, are witnessing a credit freeze as investors shun bond issued by lower-rated firms. The investors are stunned by the defaults by