Major issuers to tap bond market to raise over Rs 20K cr in next few days

REC is tapping the market on March 17 to raise as much as Rs 6,000 crore through two tranches via bonds maturing in three years and 10 years

Quite a few large issuers, including state-owned REC, NTPC, and Canara Bank, are tapping the debt capital market next week to raise as much as ₹14,000 crore through bonds despite yields on such debt offers trending higher. Additionally, state-owned PFC is tapping the market this week to raise ₹8,000 crore through bonds, said sources.

 

REC is tapping the market on March 17 to raise as much as ₹6,000 crore through two tranches via bonds maturing in 3 years and 10 years. Similarly, NTPC is eyeing to raise ₹4,000 crore through bonds maturing in 15 years. And, Canara Bank is tapping