Uncertainty over the election outcome and the Union Budget, coupled with the absence of HDFC, led to a more than one-third decline in corporate bond issuances during the April-June period compared to the previous year.
According to PRIME Database, corporate bond issuances fell 36 per cent in the first quarter (Q1) of the current financial year (FY25), amounting to ₹1.88 trillion compared to ₹2.95 trillion in the same period last year.
One of the primary reasons for the surge in issuances last financial year (FY24) was HDFC's heavy borrowing until June before its merger.
The former housing finance behemoth raised ₹46,062 crore in the April-June period of FY23. HDFC, which merged with HDFC Bank on July 1, 2023, ranked as the third-largest corporate bond issuer in FY23-24, following National Bank for Agriculture and Rural Development (Nabard) and REC.
هذه القصة مأخوذة من طبعة July 11, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 11, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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