Indian govt bonds a better bet than corporate debt: Kotak Life's Bhatt
The benchmark 7.26% 2032 bond yield ended at 7.4510% on Wednesday. The AAA-rated Refinitiv benchmark rate was at 7.70%. Meanwhile, state-run REC reissued February 2033 bonds at a yield of 7.67%.
MUMBAI : Indian government debt is likely to remain a more attractive investment proposition than corporate debt as tight spreads do not justify the risks for the latter, a senior executive at Kotak Life Insurance told Reuters on Wednesday.