Indian state-run companies to raise Rs 50 billion through long-term bonds amid falling yields
Indian state-run companies, including THDC India, NHPC, India Infrastructure Finance, and Indian Renewable Energy Development Agency, are set to raise around Rs 50 billion ($595.61 million) through long-term bonds in the next two weeks. This move takes advantage of falling government bond yields and limited state debt supply, creating strong investor demand. With India’s 10-year bond yield at around 6.85% and 15-year yield at 6.90%, insurance companies are keen to invest in highly rated, long-duration…