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.
IPO Calendar: Mainboard IPO of Kusumgar among 3 new public offers on investors radar next week
Kusumgar’s ₹650 crore IPO will open on July 8 with a 33% grey market premium. The engineered fabrics maker, serving defence and aerospace sectors, is