Jio Finance likely to delay its maiden bond issue of Rs 3,000 crore

"There are few days left in the financial year (FY25). Liquidity conditions will ease and after the rate cut, yields will soften," a source said

Jio Finance, a wholly owned subsidiary of Jio Financial Services, is likely to delay its maiden bond issue of ₹3,000 crore, originally scheduled for this month.

 

The decision comes amid expectations of softening yields in April because the Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) is widely expected to cut the policy repo rate by another 25 basis points, sources said.

 

The company intended to raise funds through five-year bonds.

 

The MPC had cut the rate by 25 basis points in February.

 

“There are few days left in the financial year (FY25). Liquidity conditions will ease and after