Indian State Firms Halt Deep-Discount Bond Sales Amid Weak Demand

  Published 1 year ago

Indian state firms delay deep-discount bonds as weak demand, rising yields, and geopolitical risks deter investors.

  • IRFC, HUDCO, and REC advised to wait 2-3 months due to no investor appetite for deep-discount bonds.
  • Power Finance Corp withdrew its deep-discount bond issue twice in six weeks over weak demand.
  • Over 495 billion rupees in approved bonds face hurdles from secondary market illiquidity and investor losses.

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