Higher corporate bond yields push issuers to delay debt sales to next quarter
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Higher yields in the corporate bond market have led issuers like MUDRA, Indian Bank, and ONGC Petro additions to delay debt sales worth 150 billion rupees to the next quarter. Non-banking finance companies are also postponing market entry. AAA-rated bond yields have risen by 20-30 basis points due to tight liquidity and risk aversion. Firms like Power Finance Corp and SIDBI canceled bond sales worth 225 billion rupees. The RBI's liquidity push may stabilize yields in the next quarter.
Source: Reuters The copyright of this article belongs to the original author/organization.
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