Indian institutions capitalized on a sharp decline in benchmark yields to raise a combined ₹17,060 crore ($2.05 billion) through bond issuances on Friday.
The surge in primary market activity underscores the growing appetite for fixed-income assets as borrowing costs ease across the country.
16%. The successful placement highlights how lower yields are making long-dated financing more attractive for both public sector entities and corporates.
The National Bank for Agriculture and Rural Development (Nabard) led the session, securing ₹8,000 crore for three-year debt at a competitive coupon of 7.16%.
The successful placement highlights how lower yields are making long-dated financing more attractive for both public sector entities and corporates.
This issuance wave follows a broader rally in Indian government bonds.
The benchmark 10-year yield has been trending lower, extending a rally that saw the 6.94% 2036 issue drop to 6.7180% earlier in the week.