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Corporate bond market starts warming up to NBFCs easing liquidity concerns

Financial companies are also lining up equity issuances, and some dollar bond issuances are planned as well. In domestic markets, gold loan companies are also getting active in raising bonds

Bond market uncertain about govt's borrowing plans in next fiscal
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The foreign branches of Indian banks have lined up heavy issuances of certificates of deposits (CD) in offshore markets.

Anup Roy Mumbai
India’s top-rated private and government-owned companies may be enjoying historic low rates in markets for their short-term money, but the situation has not improved much for lower rated firms, particularly from the financial sector. However, sporadic issuances of bonds have started. 

Admittedly, the liquidity scare faced by the non-bank financial companies (NBFC) have eased somewhat, but even there, well rated companies are the beneficiaries, who have started issuing debt papers in larger numbers.  

Financial companies are also lining up equity issuances, and some dollar bond issuances are planned as well. In domestic markets, gold loan companies are also getting active in raising

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First Published: Jun 23 2020 | 7:29 PM IST

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