Absence of HDFC: Corp bond issuances fall by 36% in Apr-Jun period

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Last year, HDFC's heavy borrowing ahead of its merger further boosted the overall issuance amount during that quarter,” said Venkatakrishnan Srinivasan, founder and managing partner of Rockfort Fincap LLP.

However, the market expects the situation to improve with a significant increase in infrastructure bond issuances by banks and other major issuers who missed the first quarter.

One of the primary reasons behind the increase in issuances in the previous financial year was the heavy borrowing by HDFC until June, prior to its merger.

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Category: BusinessFinance

Markets: India

Topics: JP Morgan Bond Index Private sector bond issuances Bajaj Finance Canara Bank Prime Database Bond market REC Power Finance Corporation Market participants Borrowing SBI Corporate bond issuances Nabard National Bank for Agriculture and Rural Development Lok Sabha elections Mutual funds Power Finance Corporation State Bank of India Financial year Infrastructure bonds Nabard HDFC National Housing Bank REC Ltd

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-10 @ 20:40:05 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 619 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21566457

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