 "HDFC")
Highly-rated finance firms and housing finance companies are expected to benefit from the absence of Housing Development Finance Corp (HDFC) from the bond market once it merges with the HDFC Bank in early FY24.
Post merger, the bond market is expected to become less crowded, which will ease fund raising conditions for other players in the field.
It may perhaps also compress the spread for debt instruments floated by HFCs over 10-year government bonds, subject to demand and supply conditions.
