India corporate bond fundraising nearly halved in August; September rebound unlikely
Indian corporate bond issuance is unlikely to rebound in September after nearly halved month-on-month in August, bankers said. A spike in yields reduced incentives, keeping primary-market activity subdued.
By Dharamraj DhutiaIndian corporate bond issuance is unlikely to rebound in September after debt fundraising nearly halved month-on-month in August, with a spike in yields reducing incentive for firms to lock in borrowing, keeping primary-market activity subdued.Here are a few details:($1 = 94.9700…