Corporate bonds

Corporate Bonds: High Yield Sovereign Paper Could Hit Corporate Bonds

However, the central bank accepted Rs 26,853 crore in three more rounds of long-term papers exceeding the expected auction size. Synopsis An unexplained bias in the yield curve means that short-duration sovereign bonds are generating almost as much as the benchmark 10-year. In such an interest rate environment, project finance company bonds – of longer […]

Corporate bonds

REIT outflows from Indian corporate bonds at a record ₹36,952cr in FY21

Foreign portfolio investors (REITs) largely shunned Indian corporate bonds in FY21. Amid risk aversion to NBFC debt instruments and a search for fixed income benchmark, the use of REITs in Indian corporate debt more than halved to 23.14% in March 2021, from 54.49% for the same period last year. “The cost of hedging INR in […]