Indian firms sell record amount of rupee bonds after stimulus1 min read . Updated: 17 Sep 2020, 01:08 PM IST
The flurry mirrors unprecedented issuance around the world
Indian companies have raised about Rs4 trillion ($54.2 billion) through local notes since April 1, the best start to a financial year ever.
The flurry mirrors unprecedented issuance around the world.
It comes after unconventional stimulus steps by the authorities drove spreads on AAA rated three-year corporate bonds to the lowest level in close to 15 years.