On Bond Street, falling yields spur a Rs 17,000-crore fundraise

Indian institutions secured over ₹17,000 crore via bond sales as falling benchmark yields made borrowing cheaper. Nabard notably raised ₹8,000 crore at a competitive 7.16% for three-year debt. This surge in issuances is attributed to favorable market sentiment, central bank measures, and expectations of India’s inclusion in a global bond index, with conditions likely to persist until September.

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